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Gold Call Signal 23 Oct 2015

Signal details
Entry Price: 
1162
Close Price: 
1164
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The price of gold has rallied sharply in the New York morning session to hit almost $1180 per ounce. The announcement of an interest rate cut in China has spurred global stocks to rally and has initially boosted gold too, but since then prices have dropped back lower.

With the end of the trading week nearing we are issuing one more signal to buy daily call options on the price of gold. Our target level is $1162 and we believe that the yellow metal will rally before the closing bell in the U.S. to around $1165, in fact anything above $1162 would be good for us.

Have a great weekend and be careful with the Friday market!

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.