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 $178.50 short put and a strike $173.50 long put offers a potential 45.77% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $178.50 by expiration. The full premium credit of $1.57 would be kept by the premium seller. The risk of $3.43 would be incurred if the stock dropped below the $173.50 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 38.89 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 Closes up 1st Time in 5 Days Despite Dollar Power
Tue, 08 Sep 2020 15:18:46 +0000
Yes, at least in the immediate term, as futures of the yellow metal and bullion both decoupled from the resurgent dollar to push higher on their own Tuesday. Gold for December delivery on Comex settled New York’s regular trading session up $8.90, or 0.5%, at $1,943.20 per ounce. It was the first positive close in five days for the benchmark gold futures contract.
Blockchain's Back, But Not All Blockchain ETFs Are Created Equal
Sat, 05 Sep 2020 06:42:22 +0000
If investors aren't ready to take the plunge and buy actual crypto quite yet, ETFs offer a way to play. “Some people believe it's the new gold,” said Dan Weiskopf, a portfolio manager at Toroso who also goes by the Twitter handle @ETFProfessor. BLOK is a global equity portfolio of professionally-selected companies involved in the transformational data-sharing technology known as blockchain.
Gold Up, Benefitting From Dollar’s Decline to Multiyear Lows
Tue, 01 Sep 2020 00:40:15 +0000
By Gina Lee
Gold Up Over Weak Dollar, Mixed Chinese and Japanese Data
Mon, 31 Aug 2020 00:47:29 +0000
By Gina Lee
Thomas Beggs Shares Insights on Gold IRAs & How Precious Metals Can Bolster Your Retirement Fund
Fri, 28 Aug 2020 15:46:38 +0000
Most people invest their retirement funds in various IRAs throughout working life to make their money grow without being subjected to taxes. Financial services companies like Fidelity and Charles Schwab extend various Individual Retirement Accounts (IRAs) to invest in. The way we decided to counter the economic effects of the COVID-19 pandemic has once again […]
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