SPDR Gold Trust's most recent trend suggests a bullish bias. One trading opportunity on SPDR Gold Trust is a Bull Put Spread using a strike $145.50 short put and a strike $140.50 long put offers a potential 13.64% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.50 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $140.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SPDR Gold Trust is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for SPDR Gold Trust is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for SPDR Gold Trust
Gold's Santa Claus Rally Followed By Surge On Iranian Tension
Wed, 08 Jan 2020 20:38:04 +0000
Gold prices have continued to surge this week as tensions between the U.S. and Iran drive investors toward safe harbors. Gold prices increased $50 in the opening trading days of 2020 and then reached their highest levels since 2013 in the wake of Iranian missile attacks on military bases in Iraq. Benchmark crude oil prices also rose following the U.S. airstrike that killed Qasem Soleimani, the leader of the Iranian Quds force.
Reduce Holdings in Gold Including Shares of Newmont Goldcorp
Wed, 08 Jan 2020 12:45:00 +0000
One of my themes in 2019 was to hold portfolio positions in gold with an allocation of 10%. Now it's time to reduce this allocation to 5% as Comex gold futures test their semiannual risky level at $1,610.6.
Wed, 08 Jan 2020 00:30:30 +0000
Investors pause at high prices while the technology sector continues its surge, and 5G has captured investor attention.
Charting a jagged 2020 start, S&P 500 nails first support
Tue, 07 Jan 2020 17:48:00 +0000
Technically speaking, the U.S. benchmarks’ bull trend has thus far weathered a jagged 2020 start amid heightened geopolitical tensions, writes Michael Ashbaugh.
10 Power-Packed ETFs to Buy for 2020
Tue, 07 Jan 2020 16:50:04 +0000
We have highlighted a pack of ETFs that are poised to outperform in 2020.
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