Gold Binary Options Weekly Setup October 3–7 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, the first in October 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 8 major market events that can produce trading opportunities on gold binary options, and a unique 500$ Bonus Offer from 24option.com, for BOCrunch gold binary option traders.

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

  1. U.S. ISM Manufacturing PMI: Monday, 14:00. Exp. 50.5. 51.1 or more, PUT on Gold. 49.9 or less, CALL on Gold.
  2. U.S. Factory Orders: Tuesday, 14:00. Exp. 0.2%. 2.6% or higher, PUT on Gold. -0.8 or lower, CALL on Gold.
  3. European Retail Sales: Wednesday, 09:00. Exp. -0.2%. 0.5%, or higher, CALL on Gold. -0.4% or lower, PUT on Gold.
  4. U.S. ISM Non-Manufacturing PMI: Wednesday, 14:00. Exp. 53.1. 54.6 or more, PUT on Gold. 52.6 or less, CALL on Gold.
  5. German Factory Orders: Thursday, 10:00. Exp. 0.1%. 0.8% or higher, CALL on Gold. -2.9% or less, PUT on Gold.
  6. European Minimum Bid Rate: Thursday, 11:45. Exp. 1.50%. 1.75% or higher, CALL on Gold. 1.25% or Lower, PUT on Gold.
  7. U.S. Unemployment Claims: Thursday, 12:30. Exp. 411K. 422K or more, CALL on Gold. 402K or less, PUT on Gold.
  8. German Industrial Production: Friday, 10:00. Exp. -0.9%. 1.8%, or higher, CALL on Gold. -1.5% or less, PUT 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 gold binary options, please go to 24option.com. They’re a leading binary options provider.

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 Forex Binary Options, read our weekly forex binary options setup.

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

For Oil Binary Options, read our weekly oil binary options setup.

For more information on binary brokers, read our recommended Broker reviews.

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 24option.com.

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