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 $111.00 short put and a strike $106.00 long put offers a potential 16.01% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $111.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $106.00 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 73.09 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
What to expect from the stock market this week
Sat, 07 Jan 2017 13:00:49 GMT
Why Gold Prices Right Now Should Have You Feeling Beyond Thrilled
Fri, 06 Jan 2017 18:41:00 GMT
Bitcoin Weaker As Chinese Investors Favor Yuan
Fri, 06 Jan 2017 15:49:00 GMT
Gold Will Edge Up to $1,300 By 2018: RBC
Fri, 06 Jan 2017 14:36:00 GMT
Understanding the Long-Term Growth Drivers for Silver Miners
Fri, 06 Jan 2017 14:06:44 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook