See Today's Binary Options Trading Opportunities Below – Watch The Video For Full Market Analysis

The Thursday session saw the gold markets go back and forth during the day, testing the 1180 level for resistance, and testing the 1160 level for support. We believe that this market is trying to put in some type of bottom in this general vicinity, so we are looking for a reason to start buying. Any supportive candle in this area could be a call buying opportunity, just as a move above the 1180 level would be.

1 – Looking at the EUR/USD pair, you can see that we took back most of the gains from the previous session as the knee-jerk reaction is now offered quite a bit of value in the US dollar. The market has continued the downtrend, and we believe it now that the market is going to break below the 1.05 level given enough time. We believe that this market will continue to drop quite a bit, and as a result we remain very bearish.

2 – The  fell during the session on Thursday, but quite frankly the move could be a upon the fact that the 2100 level is in fact a large, round, psychologically significant number. While we pullback, we think that sooner or later we will find some type of supportive candle that we can start buying calls again, as this market continues to go much higher over the longer term.

3 – The WTI Crude Oil market broke a bit higher during the course of the session, testing the $46 level. However, we sold off a little bit towards the end of the session, so we believe that this market is starting to offer put buying opportunities as the downtrend should continue. Short-term charts continue to be the best way to play this market to the downside as the bearish pressure is far too much.