Gold Binary Options Weekly Setup August 29- Sept 2 2011

Trading Binary options can be done on currencies, oil, stocks and gold. In this new weekly section we will be focusing on the gold binary options. This August brings us amazing trading opportunities due to the fact that gold prices reaching new records, rising 16% this month alone!

This week there are 5 major market events that can produce trading opportunities on gold binary options, and a unique offer from TradeSmarter, including 100$ free bonus for new traders on gold.

These are the events for this week :

* All times are GMT

  1. U.S. Pending Home Sales: Monday, 14:00. Exp. -0.8%. 3.2% or higher, PUT on Gold. -2.8% or lower, CALL Gold.
  2. U.S. CB Consumer Confidence: Tuesday, 14:00. Exp. 52.2. 60.8 or more, PUT on Gold. 51.8 or less, CALL on Gold.
  3. U.S. ADP Non-Farm Employment Change: Wednesday, 12:15. Exp. 103K. 123K or more, PUT USD/JPY. 93K or less, CALL USD/JPY.
  4. U.S. Unemployment Claims: Thursday, 12:30. Exp. 402K. 405K or more, CALL on Gold. 398K or less, PUT on Gold.
  5. U.S. ISM Manufacturing PMI: Thursday, 14:00. Exp. 48.9. 55.3 or more, PUT on Gold. 46.8 or less, CALL on Gold.

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

If you’re interested in trading binary options, please go to TradeSmarter. They’re a leading binary options provider.

For quick registration:

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%.

Read more on forex binaries at our weekly binary options setup.

Read more on Binary options brokers.

Read more on Gold and other commodities at TradingNRG

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 TradeSmarter.

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