Gold spot Binary Technical November 10th 2011

Gold spot continues to rise, although no major changes in the past few days. This technical outlook can provide binary options trading opportunities for the 10-11 November. Currently gold spot is 1,776.609-1,803.205

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

  • Current range: 1587.610 to 1879.950.
  • Further levels in both directions: Below, for PUT Options: 1753.660, 1696.540, 1655.560, 1611.040 and 1587.610.
  • Above, for  CALL options: 1816.470, 1827.590, 1844.400 and 1879.950
  • Very important support and still far, at 1844.400.
  • Very important resistance is at 1753.660, and close enough
  • Chart is on a 4hour. 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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