The option for today is an analysis cycle for binary options in cooperation with BDSwiss broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
GOLD market has been moving north for a long time. As a result of these increases we have broken and already tested yesterday a support level of 1264.50, where strong demand response occurred. In spite of this, increases did not last too long and as a result of night falls, today again in the morning we were in area of this level.
Looking on H1 chart, we notice that in that area again appeared a demand response. It is not as strong as yesterday but it does not change the fact that if this zone will be rejected, we could expect a rebound. So in short term, you should consider CALL options on this instrument.
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