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Gold Call Signal 15 Dec 2015

Signal details
Entry Price: 
1060.00
Close Price: 
1060.82
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

Gold prices have been consolidating today after hitting levels just above $1058.00 per ounce. We are bullish on gold in the long run, but the inflation data from the U.S. has supported the U.S, dollar in early New York trading. The rate is likely to consolidate somewhat before hitting lower levels.

We are attempting a daily call binary option purchase at $1060.00 despite the risks and looking forward to a new trade tomorrow just before the Federal Reserve hikes rates for the first time in almost 10 years. Our views are supporting that gold could rally dramatically should the Fed disappoint.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.