+1 (866)-882-6854
+ 44 203-807-1675
20:58:51 GMT
Black & White


GBP/USD 1.25030 20:50 23.01
ALIBABA 98.255 20:45 23.01
GBP/USD 1.25057 20:40 23.01
BitCoin/CNY 6351.435 20:30 23.01
WELLS FARGO 54.405 20:30 23.01
TOYOTA (US) 118.250 20:30 23.01
COLGATE-PALMOLIVE 67.585 20:30 23.01
FERRARI 61.165 20:30 23.01
TSX 60 916.940 20:30 23.01
ALIBABA 98.210 20:30 23.01
BOEING 157.820 20:30 23.01
AUD/USD 0.75746 20:30 23.01
AUD/JPY 85.603 20:30 23.01
GBP/USD 1.25058 20:30 23.01
GENERAL ELECTRIC 29.645 20:30 23.01
S&P 500 2264.620 20:30 23.01
JP MORGAN CHASE 83.745 20:30 23.01
SILVER 17.171 20:30 23.01
AIG 65.535 20:30 23.01
USD/CAD 1.32506 20:30 23.01
GOLD 1215.815 20:30 23.01
DOW 19792.84 20:30 23.01
AUD/CAD 1.00366 20:30 23.01
DOLLAR INDEX-MAR17 100.135 20:30 23.01
3M 178.245 20:30 23.01
GOLD VS SILVER 70.8022 20:30 23.01
CITIGROUP 55.895 20:30 23.01
CITIGROUP VS AIG 0.85303 20:30 23.01
McDONALD'S 121.320 20:30 23.01
LAS VEGAS SANDS 55.485 20:30 23.01
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
July 10th, 2015 5:22am GMT, London UK
Today’s Binary Options Trading Strategy:
• Commodity: Gold
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 1,162.00
• Upside Potential: The upside potential for this binary call option is 4,370 pips to 1,205.70
• Downside Potential: The downside potential for this binary call option is 1,925 pips to 1,142.75

Gold witnessed an outflow of capital over the past three trading weeks and this commodity moved lower inside of its bearish price channel as a result of it. The descending support level originated from its intra-day high of 1,190.67 which was reached on June 15th 2015 while the descending resistance level can trace its origin to its intra-day high of 1,205.70 recorded on June 18th 2015. A new horizontal support level is now being intersected by its bearish price channel and pushed Gold from its downtrend into a sideways trend which has created some interesting trading opportunities in this precious metal.


Price action is currently trading inside of its horizontal support level from where the move lower was paused as this commodity started to trade sideways. Gold is expected to breakout above its bearish price channel and accelerate into its horizontal resistance level. Binary options traders can profit from the expected breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 1,162.00 for a risk/reward ratio of 1.0/2.27.

Gold was exposed to a contraction in volatility which resulted from the contraction of price action inside of its bearish price channel. Volatility is expected to increase as this commodity is trading near the descending resistance level of its bearish price channel from where a breakout is anticipated to result in a momentum shift. Binary options traders who are not trading commodities should take a look at commodity options trading in order to diversify their trading accounts. Sellers may attempt to force a breakdown below its horizontal support level in order to keep the downtrend intact while buyers are likely to succeed in a breakout which will clear the path to the upside.

The first resistance level after a successful breakout above its bearish chart pattern awaits Gold at its intra-day high of 1,174.89 which was reached on July 6th 2015 from where this commodity traded into a false breakdown below its horizontal support level. A breakout will take Gold to its intra-day high of 1,190.67 recorded on June 15th 2015. This level marks the origin of its descending support level. The final resistance level is located at its intra-day high of 1,205.70 which was reached on June 18th 2015 from where a double top formation may emerge.

The following economic data out of Australia already impacted Gold:
Australian Home Loans for the month of May:
• Expectations: A contraction of 3.0% was expected for the month of May
• Previous Report’s Data: An increase of 0.7% was reported in the month of April
• Released Data: A contraction of 6.1% was reported for the month of May
• Impact on Gold: The reported bigger-than-expected contraction in Australian home loans has pressured Gold to the upside; this favors binary call options in this commodity

In addition the following economic report out of Canada is expected to impact Gold:
Canadian Employment Report for the month of June:
• Expectations: 10,000 job losses are expected for the month of June, an unemployment rate of 6.9%
• Previous Report’s Data: The addition of 58,900 jobs was reported in the month of May, an unemployment rate of 6.8%
• Impact on Gold: The expected contraction in the Canadian labor market is likely to apply upward pressure on this commodity which favors binary call options in Gold

Share Button
Adam Stone
Follow me

Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
Follow me

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store