SPDR Gold Trust (GLD) Offering Possible 30.55% Return Over the Next 27 Calendar Days

view original post

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 $172.00 short put and a strike $167.00 long put offers a potential 30.55% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $172.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $3.83 would be incurred if the stock dropped below the $167.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for SPDR Gold Trust is bearish and the probability of a decline 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 74.35 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 Regains Sheen: 5 ETFs to Tap
Fri, 12 Nov 2021 17:05:05 +0000
The solid trend is likely to continue at least for some months, given that inflationary pressure will continue to drive gold prices higher.

Why Gold Isn’t Protecting You From Runaway Inflation This Time
Thu, 11 Nov 2021 13:00:20 +0000
Red-hot inflation is supposed to light up gold prices. But gold ETFs are lagging, yet, some observers think that’s about to change.

Kiyosaki: The US stock market is headed for ‘giant crash’ followed by a new depression — here are the only 3 assets he likes as protection
Sat, 06 Nov 2021 18:21:00 +0000
“Rich Dad Poor Dad” has made this call before. He’s not backing down.

4 Top Stock Trades for Monday: AMZN, Gold, PINS, PTON
Fri, 05 Nov 2021 21:44:04 +0000
Another day, another new all-time high. Who’s surprised at this point, as the leaders keep on vaulting to the upside. With that in mind, let’s look at a few top stock trades as we gear up for next week. Top Stock Trades for Monday No. 1: Amazon Click to EnlargeSource: Chart courtesy of TradingView Ahead of earnings last week, I noted the importance of the 50-week moving average for Amazon (NASDAQ:AMZN). However, the hope was that after consolidating for well over a year, shares would finally bre

iShares Debuts ESG Min Vol ETF
Fri, 05 Nov 2021 18:15:00 +0000
‘ESMV’ is an ESG-flavored clone of one of the largest-outflow ETFs this year.

Be Sociable, Share!

Related Posts