Gold Binary Options Setup November 24-28 2014


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 the week of November 24th 2014 on the Gold spot.

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

  1. German Ifo Business Climate: Monday, 10:00. Exp. 103.0. 103.5 or more, CALL on Gold. 102.7 or less, PUT on Gold.
  2. U.K. BBA Mortgage Approvals: Tuesday, 10:30. Exp. 38.5K. 39.6k or more, CALL on Gold. 38.2K or less, PUT on Gold.
  3. U.S. Prelim GDP: Tuesday, 14:30. Exp. 3.3%. 3.6% or higher, PUT on Gold. 3.0% or lower, CALL on Gold.
  4. U.S. CB Consumer Confidence: Tuesday, 16:00. Exp. 95.9. 96.3 or more PUT on Gold. 94.2 or less, CALL on Gold.
  5. U.K. Second Estimate GDP: Wednesday, 10:30. Exp. 0.7%. 0.8% or higher CALL on Gold. 0.6% or lower, PUT on Gold.
  6. U.S. Unemployment Claims: Thursday, 13:30. Exp. 287K. 293K or more, CALL on Gold. 285K or less, PUT on Gold.
  7. U.S. New Home Sales: Thursday, 16:00. Exp. 471K. 474K or more PUT on Gold. 463K or less, CALL on Gold.
  8. Euro Zone M3 Money Supply: Thursday, 10:00. Exp. 2.6%. 2.9% or higher CALL on Gold. 2.3% or lower, PUT on Gold.
  9. GfK German Consumer Climate: Thursday, 13:00. Exp. 8.6. 8.9 or more CALL on Gold. 8.3 or less, PUT on Gold.
  10. German Retail Sales: Friday, 08:00. Exp. 1.7%. 1.9% or higher CALL on Gold. –3.6% or lower, PUT on Gold.
  11. Euro Zone CPI Flash Estimate: Friday, 11:00. Exp. 0.3%. 0.5% or higher CALL on Gold. 0.1% or lower, 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%.

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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