SPDR Gold Trust (GLD) Offering Possible 5.26% Return Over the Next 9 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 $124.50 short put and a strike $119.50 long put offers a potential 5.26% 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 $124.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $119.50 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 76.2 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

ETFs to Win Despite Shockingly Soft May Jobs Data
Mon, 10 Jun 2019 18:30:06 +0000
May jobs data came in extremely downbeat in the United States. This should help the Fed remain dovish in the coming days and boost these ETFs.

Gold Completes 6-Year Basing Pattern
Mon, 10 Jun 2019 15:57:28 +0000
Gold has completed a six-year basing pattern above $1,300 and could break out, entering the first major uptrend since 2011.

Druckenmiller Suggests These Two Trades to Hedge against Meltdown
Fri, 07 Jun 2019 19:34:37 +0000
Why Stanley Druckenmiller Is Concerned about US Economy(Continued from Prior Part)Future direction of financial marketsAs far as the future direction of the financial markets is concerned, billionaire investor Stanley Druckenmiller is not so sure.

Options Traders React to Red-Hot Gold ETF
Fri, 07 Jun 2019 18:17:08 +0000
GLD options are seeing heavy trading today

Weaker Jobs Reports Raises Odds of Fed Rate Cuts, Gold Rises
Fri, 07 Jun 2019 16:46:13 +0000
Why Disappointing US Jobs Report Lit Up a Fire Under Stocks?(Continued from Prior Part)Gold catches a bidGold has caught a bid in the last few days after being lukewarm for most of this year. Weaker US economic reports and escalating trade tensions

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