SPDR Gold Trust (GLD) Offering Possible 32.98% Return Over the Next 21 Calendar Days

SPDR Gold Trust's most recent trend suggests a bearish bias. One trading opportunity on SPDR Gold Trust is a Bear Call Spread using a strike $184.00 short call and a strike $189.00 long call offers a potential 32.98% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $184.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock rose above the $189.00 long call 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 down which suggests that the medium-term momentum for SPDR Gold Trust is bearish.

The RSI indicator is at 36.01 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 Down Over Signs of Some Economic Recovery
Thu, 27 Aug 2020 00:50:48 +0000
By Gina Lee

Gold Up Over Gloomy U.S. Data
Wed, 26 Aug 2020 00:43:27 +0000
By Gina Lee

Why gold prices could reach $5k in 2-3 years: Strategist
Mon, 17 Aug 2020 20:35:38 +0000
Nick Santiago, Founder and Chief Market Strategist at InTheMoneyStocks, joins Yahoo Finance’s Akiko Fujita to discuss the latest outlook on gold prices, as Berkshire Hathaway announces a new position in Barrick Gold.

Gold May Have Topped Out After Historic Uptrend
Fri, 14 Aug 2020 14:30:35 +0000
Gold may have topped out after mounting $2,000, but it could offer a buying opportunity during a dreaded "second wave."

Influencers with Andy Serwer: Roger Ferguson
Thu, 13 Aug 2020 10:00:00 +0000
In this week's episode of ‘Influencers', Andy Serwer speaks with TIAA President & CEO Roger Ferguson about the health of the U.S. economy, the Federal Reserve's coronavirus response, and racial inequity in corporate America.

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