SPDR Gold Trust (GLD) Offering Possible 16.01% Return Over the Next 3 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 $116.00 short put and a strike $111.00 long put offers a potential 16.01% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 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 $111.00 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 33.38 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

‘Momentum’ investors buy stocks even though gold and bonds are warning them
Fri, 14 Jul 2017 18:56:01 +0000
Retail sales and inflation reveal a weakening economy and, possibly, corporate profits, says Nigam Arora.

The Federal Reserve doesn't care about low inflation: NYSE trader
Fri, 14 Jul 2017 18:40:19 +0000
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous live from the floor of the New York Stock Exchange to discuss the price inflation and retail sales data that both came in weak.

I'd be buying financial stocks, even after today's selloff: NYSE trader
Fri, 14 Jul 2017 18:40:19 +0000
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous live from the floor of the New York Stock Exchange to discuss the earnings of JPMorgan Chase, Citigroup and Wells Fargo.

Global economy affecting commodities: Dennis Gartman
Fri, 14 Jul 2017 18:30:00 +0000
Dennis Gartman, Founder, Editor & Publisher, The Gartman Letter, on the recent moves in gold and other commodities.

Ethereum ETF? The Bitcoin Crushing Digital Currency Explained
Fri, 14 Jul 2017 18:04:06 +0000
Here is what investors need to know about bitcoin rival ethereum and its connection to the surge in Nvidia's stock price

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