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 $120.00 short put and a strike $115.00 long put offers a potential 20.77% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $115.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for SPDR Gold Trust is bearish and the probability of a decline 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 at 74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
Gold ends with small gain
Thu, 20 Apr 2017 18:24:19 +0000
Gold notches a slight gain Thursday, as the latest geopolitical developments helped fuel investment demand, a day after prices dropped to their lowest level in a week.
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Thu, 20 Apr 2017 17:07:00 +0000
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Erratic Trump Prompts Investors To Seek Safety In Silver, Gold
Thu, 20 Apr 2017 16:06:46 +0000
Precious metals were the best-performing commodities of the first quarter, and some analysts believe the volatile nature of President Donald Trump’s first months in office played a big part. A composite …
Commodities Are Stable amid the Weaker Dollar
Thu, 20 Apr 2017 12:21:54 +0000
Crude oil prices fell as low as 4% on Wednesday and reached the lowest levels in more than two weeks amid a rise in gasoline inventory levels.
Trending: U.S. Drops 'Mother of All Bombs' on ISIL Targets in Afghanistan
Thu, 20 Apr 2017 12:00:00 +0000
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