SPDR Gold Trust (GLD) Offering Possible 46.63% Return Over the Next 9 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 $189.00 short put and a strike $184.00 long put offers a potential 46.63% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $189.00 by expiration. The full premium credit of $1.59 would be kept by the premium seller. The risk of $3.41 would be incurred if the stock dropped below the $184.00 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 above 80 which suggests that the stock is in overbought territory.

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

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Fri, 07 Aug 2020 10:55:00 +0000
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ETF expert on gold: ‘you take your round number and go for it'
Wed, 05 Aug 2020 19:08:06 +0000
ETF.com Managing Editor Cinthia Murphy, joins Yahoo Finance's Kristin Myers to discuss the recent rally in gold, as prices for the precious metal hit a new record amid the coronavirus pandemic.

Soaring gold prices could mean chaotic election day: strategist
Wed, 05 Aug 2020 17:30:39 +0000
Perhaps there is more behind the impressive run in gold prices than simply fears of a lingering U.S. recession.

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