Gold Binary Options Weekly Setup December 19–23 2011

Trading Binary options can be done on currencies, oil, stocks and gold. In this weekly section we will be focusing on gold binary options. This week, starting December 19th brings us amazing trading opportunities. Part of the U.S. market signals are showing improvement, which might have a negative impact on gold prices.

This week there are over 10 events that can produce trading opportunities on gold binary options, and a unique Holiday season Bonus Offer from 24option.comfor BOCrunch gold binary option traders.

These are the events for this week (all times are GMT) :

  1. European Current Account: Published on Monday at 09:00 GMT. The market expects a score of -1.9B. If the outcome is 0.7B or more, CALL on Gold. If the result is -3.9B or worse, PUT option on Gold.
  2. German Ifo Business Climate: Tuesday, 09:00. Exp. 106.2. 107.5  or more, CALL on Gold.  105.6 or less, PUT on Gold.
  3. U.S. Building Permits: Tuesday, 13:30. Exp. 0.63M. 0.66M  or more, PUT on Gold. 0.59M or worse, CALL on Gold.
  4. U.K. Public Sector Net Borrowing:  Wednesday, 09:30. Exp. 13.5B. 15.2B or more, PUT on Gold. -2.0B or less, CALL on Gold
  5. U.S. Existing Home Sales: Wednesday, 15:00. Exp. 5.04M. 5.36M  or more, PUT on Gold. 4.67M or less, CALL on Gold.
  6. U.K. Current Account: Thursday, 09:30. Exp. -5.2B. -1.7B  or more, CALL on Gold. -7.4B or less, PUT on Gold.
  7. U.S. Unemployment Claims: Thursday, 13:30. Exp. 376K. 385K or more, CALL on Gold. 365K or less,PUT on Gold.
  8. U.S. Revised UoM Consumer Sentiment: Thursday, 14:55. Exp. 68.1. 71.5  or more, CALL on Gold.  63.7 or less, PUT on Gold.
  9. U.S. Core Durable Goods Orders: Friday, 13:30. Exp. 0.5%. 1.3% or higher, PUT on Gold. 0.2% or lower, CALL on Gold.
  10. U.S. New Home Sales: Friday, 15:00. Exp. 314K. 319K or more, PUT on Gold. 305K or lower, 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 89%. 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 89%. If it closes above, you’re left with 10%.

For GBP/JPY Binary Trading, read our weekly GBP/JPY binary options setup.

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.

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