BOSTON, Mass., Dec. 16, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Gold trading signals and price indicators have spiked in the first two weeks of December as market volatility has caused gold traders to look for clues to the future of the metals' price. "We are seeing a surge in online gold trading in the form of the XAU/USD currency pair", said CEO of ITM Financial, Curt Dalton. "With the recent market volatility, investors are getting nervous and searching for a safe haven. That has caused gold trading volume to spike up in the first two weeks of the month. Whenever you have high volume and volatility you are going to have gold trading signals increase since there is more opportunity for traders to make money on the movement."
ITM Financial, a forex signal and binary options signal startup out of Boston, provides trading signals based on advanced algorithms and social media monitoring. The combination of using traditional trading signals and combining that with Internet based signals, has caused many to call ITM Financial a new breed of financial signal service provider. "The days of just looking at a binary or forex chart and trading against resistance or stuff like that are over, " added Dalton. "The market moves at dizzying speed now and information is hitting the markets in milliseconds now and not minutes."
Gold trading prices, often seen as a safe harbor against inflation and market volatility, has not escaped the recent market turmoil. With an $80.00 price change in gold in last 30 days, more traders are using gold now as a vehicle to trade. "We see the interest in our gold trading signals, or XAU trading, picking up quite a bit from the Far East and Europe, " added CTO, Ali Khan. "Gold has different meaning in different cultures so it comes with some emotion and strings for different traders."
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