SPDR Gold Trust (GLD) Offering Possible 35.14% Return Over the Next 9 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 $173.50 short call and a strike $179.00 long call offers a potential 35.14% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $173.50 by expiration. The full premium credit of $1.43 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $179.00 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 25.28 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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GoldON Commences MAG Survey at Springpole East Property in Ontario's Red Lake Mining District
Wed, 06 Apr 2022 12:30:00 +0000
The Property adjoins First Mining Gold's Springpole Project one of the largest undeveloped gold deposits in Canada at 3.8Moz probable reserves Victoria, British Columbia–(Newsfile Corp. – April 6, 2022) – GoldON Resources Ltd. (TSXV: GLD) (“GoldON” or the “Company”) is pleased to announce Prospectair Geosurveys has commenced a property-wide, heliborne, high-resolution magnetometer (MAG) survey at its Springpole East property (the “Property”) in the Red Lake Mining District of Northwestern Ontar

Gold ETFs Continue to Shine After Best Quarter in 2 Years
Tue, 05 Apr 2022 15:40:03 +0000
Gold had a solid start this year, logging in the biggest quarterly gain since September 2020 as the ongoing war in Ukraine and concerns over sky-high inflation raised demand for the safe-haven asset.

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