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Gold Call Signal 05 Jan 2016

Signal details
Entry Price: 
1080
Close Price: 
1078
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The price of gold is starting the year on a positive note and we think that the momentum could carry out into the end of the trading session in New York today. This is why we are putting a call binary option bet at $1080 per ounce. Gold prices have underperformed throughout 2015 and this year should be a new beginning for the yellow metal.

Looking at the charts the best level we can see right now until the end is around $1080 with an hourly close above opening the door towards $1182 and $1184 per ounce. At this stage we are not fans of taking excessive risks as the markets are still jittery.

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.