Gold Chartpack - Technicals & Options Trade Setup

Gold bulls struggle for momentum despite rallies, major trend wedged in range – Attain low vols via iron condor spreads:

The trend of gold prices are now stuck in a range, the current price remains below DMAs despite today's rallies, both leading & lagging oscillators indecisive to signal trend continuation.

We reckon bulls struggling for the convincing momentum in today’s rallies.

Well, after 2-years of the consolidation phase, the trend now seems to be exhausted again at 38.2% Fibonacci retracement levels, upon non-sustenance above EMAs, the major downtrend goes non-directional.

Gold futures prices inched up around $3.00, or 0.2%, to $1,277.04 a troy ounce.

The yellow metal finished down $13.30, or around 1% in the recent past but still booked a weekly gain of about 0.4%, marking its first weekly rise in that past four weeks.

OTC Outlook and Options Strategy:

Please be noted that the gold's implied volatility is perceived to be comparatively minimal from other its previous flashes (below 9.50% in 1m tenors) along with bearish neutral risk reversal sentiments, accordingly we construct multiple legs of option strategy for regular traders of this currency cross when there is little IV.

XAUUSD's lower IVs with bullish neutral delta risk reversals could be interpreted as the option writer’s opportunity in short run. Thus, exploiting on lower IVs we eye on shorting calls with shorter expiries which would lock in certain yields by initial receipts of premiums.

A total of 4 legs are involved in the condor options strategy and a net debit is required to establish the position.

Using options expiring on the same expiration month, the options trader creates an iron condor by selling a lower strike OTM put and buying an even lower strike out-of-the-money put, similarly shorting a higher strike OTM call and buying another even higher strike out-of-the-money call.

This results in a net credit to put on the trade.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出