Gold Binary Options Weekly Setup October 10–14 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 week, starting October 10th 2011 brings us amazing trading opportunities. Although gold prices have been mostly on the rise in the last few months, there is no certainty for October.

This week there are 5 major market events that can produce trading opportunities on gold binary options, and a unique 500$ Bonus Offer from, for BOCrunch gold binary option traders.

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

  1. European Sentix Investor Confidence: Monday, 08:30. Exp. -19.2. -13.5  or more, CALL on Gold.  -20.7 or less, PUT on Gold.
  2. European Industrial Production: Wednesday, 09:00. Exp. -0.8%. 1.1%, or higher, CALL on Gold. 0.6% or lower, PUT on Gold.
  3. U.S. Unemployment Claims: Thursday, 12:30. Exp. 407K. 411K or more, CALL on Gold. 398K or less, PUT on Gold.
  4. U.S. Federal Budget Balance: Thursday at 18:00. Exp. -65.0B. -60.5B or more, PUT on Gold. -137.2B or less, CALL on Gold.
  5. U.S. Prelim UoM Consumer Sentiment: Friday at 13:55. Exp. 60.2. 60.7 or more, PUT on Gold. 58.9 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 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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