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Gold Put Signal 24 Nov 2015

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
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Gold has been trading in a volatile manner today due to escalating geopolitical tensions between Russia and Turkey as a result from a Russian tactical airplane being shot down at the border between Turkey and Syria. As a result, gold shot up higher and traded up to $1081 in early New York.

With the initial reaction being digested by the markets as Russian president Vladimir Putin stated that the incident is being looked upon as "backstabbing", the market is seemingly taking a calmer tone for the time being. We would be buying daily put binary options on gold today, looking for a close below $1075.50.

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.