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Gold Put Signal 20 June 2016

Signal details
Entry Price: 
1287
Close Price: 
1290
Expiry Time: 
20:00 GMT
Result: 
OTM
How we trade
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Gold spot prices are currently trading around $1287 as of writing. We are looking to buy daily puts on gold because of the shifting fundamentals across global markets. With the Brexit referendum outcome likely to be decided with a "Remain" vote, gold is losing its appeal as a safe haven asset.

Trading gold has been very appetizing for investors in recent weeks and the last 10 days of June are likely to continue a shifting trend towards more trading in this asset class. That said the effort that traders have to commit is becoming bigger as prices have been very volatile in recent sessions. We are buying puts at $1287 tonight.

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.