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 $133.00 short put and a strike $128.00 long put offers a potential 38.12% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $133.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $3.62 would be incurred if the stock dropped below the $128.00 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 73.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
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Wed, 03 Jul 2019 11:36:39 +0000
On July 2, President Trump nominated Judy Shelton to the Fed’s board. Shelton is an advocate of the gold standard.
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Tue, 02 Jul 2019 17:42:45 +0000
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Mon, 01 Jul 2019 17:00:05 +0000
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Mon, 01 Jul 2019 14:16:00 +0000
Gold prices fell below $1,400 per ounce as optimism about resumed trade talks between the U.S. and China sent investors into riskier assets.
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