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 $117.00 short call and a strike $122.00 long call offers a potential 22.25% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $117.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock rose above the $122.00 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 25.24 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, 19 Nov 2016 13:00:47 GMT
Gold ETF Falls Again As Stocks Continue To Rise And Dollar Surges
Fri, 18 Nov 2016 23:31:30 GMT
Gold ends at 9-month low, down for second straight week
Fri, 18 Nov 2016 19:51:15 GMT
Investors Pumped $31 Billion Into U.S. Stocks Since Trump's Victory
Fri, 18 Nov 2016 04:48:00 GMT
Clinton-Backer George Soros Gets Out of Gold ETF Just in Time, Whiffs on Barrick Gold (ABX)
Thu, 17 Nov 2016 19:40:51 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook