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Gold Call Signal 16 Dec 2015

Signal details
Entry Price: 
1073.00
Close Price: 
1073.36
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

Gold is set to be one of the biggest benefactors of a Federal Reserve decision that is just as the markets expect - that is a 25 basis point rate hike. We are holding the view that the rate can go much higher from current levels and the drop to $1071 as we are writing is a great call buying opportunity.

We would be buyers of daily calls at current levels around $1073 betting on a daily close above the $1100 level. But beware of the markets, if the direction is wrong, this bet can go sour really quick. We wouldn't be betting the farm on today's market - it is likely to be very volatile.

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.