SPDR Gold Trust (GLD) Offering Possible 38.12% Return Over the Next 14 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 $133.00 short put and a strike $128.00 long put offers a potential 38.12% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $133.00 by expiration. The full premium credit of $1.38 would be kept by the premium seller. The risk of $3.62 would be incurred if the stock dropped below the $128.00 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 73.11 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

Market Morning: Gold Slingshot, Cannabis Consolidation, Baidu Debacle, Vietnam Tariff Bazooka
Wed, 03 Jul 2019 13:00:35 +0000
Gold Recovers after “Trade Deal Progress” Fall It didn’t take gold (NYSEARCA:GLD) long to recover after declining to $1,384 on Monday on news of the best meeting ever between President Trump and Chinese President Xi Jinping on Monday. Xi promised to buy US agriculture, even though the Chinese government doesn’t actually buy food, but rather […]The post Market Morning: Gold Slingshot, Cannabis Consolidation, Baidu Debacle, Vietnam Tariff Bazooka appeared first on Market Exclusive.

Why Trump’s Fed Picks Boosted Gold and ETFs
Wed, 03 Jul 2019 11:36:39 +0000
On July 2, President Trump nominated Judy Shelton to the Fed’s board. Shelton is an advocate of the gold standard.

Top ETF Events of Wall-Street's Decade-Best June
Tue, 02 Jul 2019 17:42:45 +0000
June was stellar for Wall Street thanks to dovish comments from big central banks, oil price rise and cues of U.S.-China trade truce.

Top ETF Stories of 1H
Mon, 01 Jul 2019 17:00:05 +0000
Dovish Fed comments led the S&P 500 to log the best first half in 22 years despite trade tensions. Here are the key ETF events of 1H.

Gold’s Hot Streak Just Cooled Off Because the Market Isn’t Worried About Trade Today
Mon, 01 Jul 2019 14:16:00 +0000
Gold prices fell below $1,400 per ounce as optimism about resumed trade talks between the U.S. and China sent investors into riskier assets.

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