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.
BDSwiss, offers 72% return on options. If you win, the greater will be the percentage of your earnings from invested stake. If you lose, regardless of the size of the defeat, you will never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer.