Gold Binary Options Setup November 19-23 2012

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, November 19th, on the Gold spot.

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

  1. U.S. Existing Home Sales: Monday, 15:00. Exp. 4.76M. 4.82M or More, PUT on Gold. 4.68M or less, CALL on Gold.
  2. U.S. Building Permits: Tuesday, 13:30. Exp. 0.87M. 0.91M or more, PUT on Gold. 0.81M or less, CALL on Gold.
  3. U.S. Unemployment Claims: Thursday, 13:30. Exp. 397K. 441K or more, CALL on Gold. 392K or less, PUT on Gold.
  4. German Flash Manufacturing PMI: Thursday, 08:30. Exp. 45.9. 46.4 or more, CALL on Gold. 45.7 or less, PUT on Gold.
  5. U.K. CBI Industrial Order Expectations: Thursday, 11:00. Exp. -19. -15 or more, CALL on Gold. -24 or less, PUT on Gold.
  6. U.K. BBA Mortgage Approvals: Friday, 09:30. Exp. 32.3K. 32.8K or more, CALL on Gold. 31.8K or less, PUT 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%.
For Gold Binary Options, read our weekly gold binary options setup.

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.

Full Disclosure: BOCrunch is affiliated with 24option.

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