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 10.38% 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 $0.47 would be kept by the premium seller. The risk of $4.53 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 above 80 which suggests that the stock is in overbought territory.
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 settles lower, ending the longest win streak on record
Mon, 08 Jan 2018 19:16:37 +0000
Gold prices on Monday notch their first decline in a dozen sessions to end a record streak of gains.
Commodities Are Weak amid the Firm Dollar
Mon, 08 Jan 2018 12:39:49 +0000
The improved global risk appetite and the firm dollar are weighing on gold prices. The firmer dollar weighs on dollar-denominated commodities.
Understanding the Recent Gold-Platinum Cross Rate
Fri, 05 Jan 2018 12:34:21 +0000
When analyzing platinum markets, it’s important to compare the metal’s performance with that of gold, which is the most crucial of the precious metals.
3 Myths About Investing in Gold
Thu, 04 Jan 2018 15:15:00 +0000
Are you considering investing in gold to protect against inflation, or get some dividend income? Read this first.
Commodities Are Mixed in the Early Hours on January 4
Thu, 04 Jan 2018 13:32:54 +0000
At 5:40 AM EST on January 4, the West Texas Intermediate crude oil futures for February 2018 delivery were trading at $61.84 per barrel—a gain of 0.34%.
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