SPDR Gold Trust (GLD) Offering Possible 32.98% Return Over the Next 10 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 $171.50 short put and a strike $166.50 long put offers a potential 32.98% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $171.50 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 dropped below the $166.50 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 36.69 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 Up Over Hopes for U.S. Stimulus Measures
Sun, 06 Dec 2020 22:41:01 +0000
By Gina Lee

Gold Up Over Cautious U.S. Stimulus Hopes, Vaccine Hiccups
Thu, 03 Dec 2020 22:57:24 +0000
By Gina Lee

ETF Asset Flow for November
Thu, 03 Dec 2020 13:00:01 +0000
U.S. stocks were super steady in November on back-to-back upbeat vaccine update.

Gold Up, Regains Shine Despite Vaccine Approval Retreat
Wed, 02 Dec 2020 23:14:33 +0000
By Gina Lee

Nov. ETF Inflows A Record $91B
Tue, 01 Dec 2020 05:00:00 +0000
Year-to-date inflows now stand at $444 billion.

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