Gold traded in a tight $6 range yesterday, capped at 1750 in advance of options expiry today. We may see some sharp oscillations later in the session as traders roll out of December contracts and into February contracts and option traders hedge and square their positions.
We expect the price to close just below 1750 today, which would see all of the 1750 December calls expire worthless,as well as those with a higher strike price (particularly 1800).
For our subscribers at www.goldtradingexperts.com, today's video looks at the "bigger picture" and what we can expect in terms of volatility and price movements in the next few months.
We expect the price to close just below 1750 today, which would see all of the 1750 December calls expire worthless,as well as those with a higher strike price (particularly 1800).
For our subscribers at www.goldtradingexperts.com, today's video looks at the "bigger picture" and what we can expect in terms of volatility and price movements in the next few months.