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Gold Call Signal 11 Jan 2016

Signal details
Entry Price: 
1099
Close Price: 
1096
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

Gold prices have lost some ground today which is opening a great opportunity to buy daily calls on this market. The precious metals trade is turning, as central banks globally see that interest rates may stay lower even in the U.S. Since gold is the typical beneficiary of federal reserve decisions that are not U.S. dollar supportive, we would be betting on a rise.

Gold prices have been stagnating for the most of the past couple of years, slowly dropping to levels below 1100, which is exactly where we are right now. With demand from Asia expected to pick up as the slowdown in Chinese growth drags the regional economies into stagnation or recession, we will be looking for days like today.

Buying daily calls at $1099 is our preferred strategy for today's expiry at 21:00.

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.