Gold Binary Options Setup May 6-10 2013


Market events have great impact on gold prices and can produce trading opportunities for gold binary options traders. We highlighted for you the main events for this week, May 6th 2013, on the Gold spot.

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Let’s review the events. All times are GMT.

  1. Euro Zone Retail Sales: Monday, 09:00. Exp. -0.1%. 0.0% or higher, CALL on Gold. -0.5% or lower, PUT on Gold.
  2. French Industrial Production: Tuesday, 06:45. Exp. -0.2%. 0.9% or higher, CALL on Gold. -0.4% or lower, PUT on Gold.
  3. German Factory Orders: Tuesday, 10:00. Exp. -0.4%. 2.7% or higher, CALL on Gold. -0.6% or lower, PUT on Gold.
  4. German Industrial Production: Wednesday, 10:00. Exp. -0.1%. 0.7% or higher, CALL on Gold. -0.3% or lower, PUT on Gold.
  5. U.K. Manufacturing Production: Thursday, 08:30. Exp. 0.4%. 1.0% or higher, CALL on Gold. 0.2% or lower, on Gold.
  6. U.S. Unemployment Claims: Thursday, 13:30. Exp. 333K. 338K or more, CALL on Gold. 322K or less, PUT on Gold.
  7. U.K. Trade Balance: Friday, 08:30. Exp. -8.9B. -8.2B or more, CALL on Gold. -9.7B or less, PUT on Gold.
  8. U.S. Federal Budget Balance: Friday, 18:00. Exp. 93.9B. 99.7B or more, PUT on Gold. -120.0B or less, CALL on Gold.

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These expected market reactions and setups are general market commentary. This is by no means any type of investment advice.

Quick explanations:

CALL options – if the price closes at a higher level than the price you purchased at expiry time, you make 75%. If it closes below, you’re left with 10%.
PUT options – if the price closes under the price you purchased at expiry time, you make 75%. If it closes above, you’re left with 10%.

The data for these news events has been analyzed given previous releases and reactions, current market conditions and more. Significant surprises to market consensus, as given by surveys of economists, normally trigger sharp market reactions that proceed for a long period of time. When some events collide with each other, they can offset each other. So, these events aren’t in the list.

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