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.
Looking at GOLD chart we notice that price of this metal has moved almost continuously up for almost three weeks. As a result of this increases market on Wednesday defeated a significant resistance at 1257 USD. For such dynamic growth and breaking mentioned resistance was responsible yesterday’s FOMC decision to keep interest rates at current level, which caused a strong depreciation of US dollar.
As a result of yesterday’s declines market has reached again that level and re-tests it as support. It is worth noting that this level may be the neck line of the pro-growth H&S formation and that it now coincides with the 38.2% of the Fibonacci correction. It turns out that its permanent rejection could open the way to further growth. So in short term, you should consider CALL option on this instrument.
BDSwiss, offers 70% 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.