Gold spot Binary Technical November 30th 2011

Gold spot is showing signals of heading down again especially in the past few 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: 1666.280 to 1766.570.
  • Further levels in both directions: Below, for PUT Options: 1699.230, 1686.060, 1674.250 and 1666.280.
  • Above, for  CALL options: 1709.840, 1726.430, 1737.430 and 1766.570
  • Very important support, at 1737.970, still a few steps to get there.
  • Very important resistance is at 1674.250, still further away.
  • Chart is on a 1 hour 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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