The option for today is a series of articles about binary options in cooperation with uTrader broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.

According to my Monday projection, as a result of lasting for several days calm increases, the GOLD reached the area of recently defeated support (now resistance) coinciding with the 50% Fibonacci correction, where today the first supply reaction appeared (the formation of the bear market on the M30 chart). Permanent rejection of this zone could open the way to new declines. In both the short and the slightly longer term, it is worth considering the PUT option on this instrument.

GOLD on Tradingview

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