SPDR Gold Trust (GLD) Offering Possible 36.48% 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 $166.50 short put and a strike $161.00 long put offers a potential 36.48% 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 $166.50 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $161.00 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 28.78 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


Gold Up, Dollar Weakens as U.S. Jobs Report Calms Fear of Early Rate Hike
Sun, 04 Jul 2021 22:45:08 +0000
By Doris Yu

Equities Lead As June Inflows Top $77B
Thu, 01 Jul 2021 04:00:00 +0000
ETFs end up short of reaching the $500 billion inflow mark by the first half of 2021.

Gold Up, But Set for Worst Week Since March 2020 Over Hawkish Fed Decision
Fri, 18 Jun 2021 00:21:52 +0000
By Gina Lee

Gold Is Plunging After the Fed – Is It a Buying Opportunity?
Thu, 17 Jun 2021 14:31:00 +0000
Gold has been hammered over the past few days and the Fed isn’t helping matters. Is now the time to buy?

Forget Bitcoin, Semis And Gold; This Asset Tops Them All
Fri, 11 Jun 2021 12:00:33 +0000
Investors chase after a variety of assets — leading to stunning price jumps. But the hottest commodity of them all is old: Oil plus S&P 500 energy stocks.

Be Sociable, Share!

Related Posts