SPDR Gold Trust Offering Possible 7.76% Return Over the Next 29 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 $120.00 short call and a strike $130.00 long call offers a potential 7.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $9.28 would be incurred if the stock rose above the $130.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for SPDR Gold Trust is bearish and the probability of a decline 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 45.56 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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Fri, 20 Dec 2013 21:00:00 GMT
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Seeking Alpha – By Chris Puplava Too often as investors we become wed to our individual investments or narratives, and refuse to acknowledge major trends taking shape before our very eyes. Often this results in refusing …

2014 Could be a Sequel for Gold and That’s not Good
Fri, 20 Dec 2013 18:07:01 GMT
ETF Trends – It sounds like a broken record at this point, but gold has plunged 29% this year, its 13-year bull market has come to a resounding end, gold exchange traded funds are among the worst outflow offenders …

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