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Gold Signal - 28 June 2016

Signal details
Entry Price: 
1317
Close Price: 
1312
Direction: 
Low
Expiry Time: 
20:00 GMT
Result: 
ITM
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Gold is trading around $1315 as of writing in the run up to the first meeting of still current U.K. Prime Minister David Cameron with his European Union peers. The yellow metal has shined in the aftermath of the Brexit vote last week, but has not been able to sustain the heavy gains it marked in the immediate aftermath of the vote.

Looking ahead we are confident that gold is likely to lose the $1300 handle as it hasn't been able to remain bid in these market turmoil conditions. The spot price of gold which we consider to be attractive to buy daily puts today is around $1317. Consider that your binary options broker may be offering a trade on gold futures, in which case prices could be slightly different.

Should that be the case look at current prices as of 15:51 GMT and add $2 dollars above the level to see your entry level.

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.