March 23rd – Today's Trading Tips & Market Analysis

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

The gold markets broke to the upside during the session on Friday, breaking above the 1180 level finally. Because of this, we feel that the market is now heading to the $1200 level, and if we can get some type of pullback, we are willing to buy calls on short-term charts. We believe that there is enough support at effort below to get to at least that area, as it appears that the gold markets are trying to build some type of base.

1. Looking at the S&P 500, we have certainly broken out to the upside. Now that we have gone a bit higher, we feel much more comfortable going long via calls. We also feel that pullbacks will be supported, and that there’s no way to buy puts in this market with any type of confidence. We believe that the S&P 500 will break out to fresh, new highs.
    
2. The EUR/USD pair rose during the session on Friday, but quite simply it just looks like more consolidation. Expect quite a bit of bearish pressure above, and we are looking for resistive candles on short-term charts in order to buy short-term puts. We have no interest in buying calls as we believe the Euro will continue to suffer at the hands of an economy the quite simply is very anemic at best.
    
3. The DAX broke higher during the session as well, finally clearing the 12,000 level. Because of this, we feel that the market is now heading to 12,200 in the short-term, and eventually breaking out above there as well. We believe that the DAX will continue to be one of the better performers in Europe, so we are buyers of calls.