BOMaster

GOLD CALL/PUT LEVELS

FX:XAUUSD   Gold / U.S. Dollar
43 3 0
Levels 1250 and 1240 for CALL and PUT opportunities
Does the author believe that gold will remain flat for some amount of time and is writing 1250 calls and 1240 puts?
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BOMaster ZigaZaga
Hi Ziga, i consider these two levels as high probability levels, but of course you could take advantage of 1245 and 1242 levels.
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I personally think it's going to turn soon even if the majority of analysts (e.g. "non gold bugs") are bearish - I'd be more comfortable writing puts than calls if I were brave enough - might start with daily ones but tomorrow could be a big move, don't you think? What indicators do you use? I expect ATR would be good for options trading, right? Anyway, isn't gold just about at the cost of production already?
A bullish reversal in Gold
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