Gold spot Binary Technical November 17th 2011

Gold spot has showing signals of heading down, especially when focusing on the past 2 hours. Here is our technical analysis on Gold binary option for the next few hours and might be even relevant for tomorrow morning.

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Here are the support and resistance lines the could produce great binary option trading opportunities:

  • Current range: 1735.370 to 1793.430.
  • Further levels in both directions: Below, for PUT Options: 1747.610, 1743.810  and 1735.370.
  • Above, for  CALL options: 1766.570, 1775.680, 1783.710 and 1793.430
  • Very important support, at 1783.710.
  • Very important resistance is at 1735.370, and close enough
  • Chart is on a 30min. scale.




Click here to enlarge the graph.

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

More on Gold Binary Options, read our weekly gold binary options setup.

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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