What's the Plan of Action?

This was yesterday's signal:

PLAN OF ACTION:

1) Buy PUT option at the actual price with expiration at the end of the day. Money Management 1%.

2) If it goes up at 1786 buy PUT option with 2% Money management always end of the day expiration.

3) If it breaks the resistance and overcomes 1792, buy CALL option with 6% Money management.

As we can see the Gold price during the night reached the value of the 3rd Resistance, (blue line) and this made us think about another investment to do on this asset.

Considering the BCE President’s speech today is considered an unstable day, this is why it will be up to the trader deciding to invest or not.

As we can see the Gold trend became uncontrollable exactly at 14.30 provoking a very high volatility that allowed only some traders to place the position correctly.  

The asset closed at 1791.020 under the resistance value but right “in between” the buying price and the “fake” brake of the resistance.

Open an account and start trading

If you would like to engage in this investment and proceed with this simple yet effective trading strategy, Sign Up to become one of BrokerSignals registered clients and get updates on this strategy and more.