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 $125.00 short put and a strike $120.00 long put offers a potential 26.9% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $120.00 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 70.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
Commodities Are Weak amid the Dollar’s Strength
Tue, 12 Sep 2017 12:55:47 +0000
Increased warehouse levels in the LME (London Metal Exchange) along with the firm dollar and profit-booking are weighing on copper prices today.
Which Precious Metal Miners Have Outperformed Gold—and Why
Mon, 11 Sep 2017 13:07:30 +0000
Gold prices (GLD) have risen by an impressive 16.3% year-to-date as of September 5, 2017, compared with the gains of 8.2% in 2016.
Commodities Are Mixed in the Early Hours on September 11
Mon, 11 Sep 2017 12:21:04 +0000
At 7:00 AM EST on September 11, the WTI crude oil futures contracts for October 2017 delivery were trading at $47.81 per barrel—a rise of ~0.71%.
How North Korea Has Affected the Precious Metal Market
Fri, 08 Sep 2017 20:01:16 +0000
Precious metals have been buoyed by tension in North Korea. If North Korea does another missile test, it could prompt investors to move to haven assets such as gold, silver, Treasuries, and major currencies….
ETFs That Track Gold Having A Better Year Than The Stock Market
Fri, 08 Sep 2017 16:48:13 +0000
After a midsummer rally, gold is now having a better year than the S&P 500. That's good timing for 2 new gold ETFs that launched this year.
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