Gold spot Binary Technical October 24-28 2011


In the last few days gold spot is climbing back up. Technically, there are a few important resistance lines that can hold back the climb. The chart and our support and resistance lines can assist in analyzing this week, 24th-28th October 2011.

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

  • Current range: 1605.040 to 1742.770.
  • Further levels in both directions: Below, for PUT Options: 1649.620, 1626.740, 1605.040 and 1742.770.
  • Above, for  CALL options: 1663.470, 1674.850 and 1688.590.
  • Very important support and still far, at 1742.770.
  • Very important resistance is at 1626.740.

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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