SPDR Gold Trust (GLD) Offering Possible 24.38% Return Over the Next 21 Calendar Days

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 $132.00 short put and a strike $127.00 long put offers a potential 24.38% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $127.00 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 at 78.2 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for SPDR Gold Trust

Gold ETFs Likely to Rule 2H Irrespective of Fed Rate Cut
Wed, 26 Jun 2019 17:31:33 +0000
Gold ETFs set to surge higher irrespective of Fed rate cuts due to higher uncertainty and rising geopolitical tensions.

How to get started with gold-coin investing
Wed, 26 Jun 2019 15:12:00 +0000
You might think those annoying TV ads for gold and silver coins give coin collecting a bad name. It turns out, however, that gold and other precious coins are the easiest collectible item to trade, whether you are investing in bullion coins as a hedge against inflated stock and bond prices or if you’re interested in building a special collection of rarities. Barry Stuppler, a coin dealer in Los Angeles who is the president of the Professional Numismatists Guild (PNG), discussed how investors can get started with something they may never have considered before, or maybe thought would be impractical.

ETF Buying Is Late but Should Keep the Party Going
Wed, 26 Jun 2019 14:30:24 +0000
Gold ETFs, whose price momentum has been positive, are seeing renewed buying interest from investors.

How Central Banks’ Dovishness Could Shape Gold’s Outlook
Wed, 26 Jun 2019 13:00:48 +0000
Central banks’ actions affect gold prices, both directly and indirectly. Worldwide, central banks have been making dovish statements regarding the state of the global economy.

Is the End of the US Dollar’s Rally the Start of Gold’s Bull Run?
Wed, 26 Jun 2019 11:30:59 +0000
The US dollar's weakness may be a major driver behind gold's higher prices.

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