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Gold Call Signal 22 Oct 2015

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Signal details
Entry Price: 
Close Price: 
No Trade
Expiry Time: 
20:00 GMT
How we trade
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The price of gold has been influenced by mixed data over the past couple of hours. While the U.S. dollar has strengthened against the euro in the aftermath of the press conference of European Central Bank's (ECB) President Mario Draghi, the price of gold has remained range bound.

Looking at the highs and lows today we are seeing some volatility, albeit modest. Prices have spiked lower in the aftermath of the ECB reaching $1162 per ounce, and have subsequently rebounded to almost $1172. We would be buying daily call binary options on gold today targeting a move higher.

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.