Gold Binary Options Setup September 29-3 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 September 29th 2014 on the Gold spot.

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

  1. U.S. Pending Home Sales: Monday, 15:00. Exp. -0.4%. 3.4% or higher, PUT on Gold. -0.6% or lower, CALL on Gold.
  2. German Unemployment Change: Tuesday, 08:55. Exp. -2K. 4K or more, PUT on Gold. -4K or less, CALL on Gold.
  3. Euro Zone CPI Flash Estimate: Tuesday, 10:00. Exp. 0.3%. 0.4% or higher, CALL on Gold. 0.2% or lower, PUT on Gold.
  4. U.K. Manufacturing PMI: Wednesday, 09:30. Exp. 52.6. 52.8 or more, CALL on Gold. 52.3 or less, PUT on Gold.
  5. U.S. ISM Manufacturing PMI: Wednesday, 15:00. Exp. 58.6. 59.2 or more, PUT on Gold. 58.3 or less, CALL on Gold.
  6. U.S. Unemployment Claims: Thursday, 13:30. Exp. 299K. 301K  or more, CALL on Gold. 291K or less, PUT on Gold.
  7. U.S. ISM Non-Manufacturing PMI: Friday, 15:00. Exp. 58.5 . 60.0 or more PUT on Gold. 58.1 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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