SPDR Gold Trust (GLD) Offering Possible 40.85% Return Over the Next 17 Calendar Days

view original post

SPDR Gold Trust’s most recent trend suggests a bearish bias. One trading opportunity on SPDR Gold Trust is a Bear Call Spread using a strike $177.50 short call and a strike $182.50 long call offers a potential 40.85% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $177.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock rose above the $182.50 long call 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 down which suggests that the medium-term momentum for SPDR Gold Trust is bearish.

The RSI indicator is at 36 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


ETFs With The Highest & Lowest Trading Spreads
Wed, 27 Apr 2022 12:15:00 +0000
The bid/ask spread is a key component of the total cost of investing in ETFs.

Why the price of gold is heading for a ‘modest new all-time high’: Morning Brief
Thu, 21 Apr 2022 10:00:29 +0000
Here’s what to watch in the markets on Thursday, April 21, 2022.

GoldON Commences MAG Survey at Springpole East Property in Ontario’s Red Lake Mining District
Wed, 06 Apr 2022 12:30:00 +0000
The Property adjoins First Mining Gold’s Springpole Project one of the largest undeveloped gold deposits in Canada at 3.8Moz probable reserves Victoria, British Columbia–(Newsfile Corp. – April 6, 2022) – GoldON Resources Ltd. (TSXV: GLD) (“GoldON” or the “Company”) is pleased to announce Prospectair Geosurveys has commenced a property-wide, heliborne, high-resolution magnetometer (MAG) survey at its Springpole East property (the “Property”) in the Red Lake Mining District of Northwestern Ontar

Gold ETFs Continue to Shine After Best Quarter in 2 Years
Tue, 05 Apr 2022 15:40:03 +0000
Gold had a solid start this year, logging in the biggest quarterly gain since September 2020 as the ongoing war in Ukraine and concerns over sky-high inflation raised demand for the safe-haven asset.

5 ETFs That Gained Investors’ Love in Q1
Mon, 04 Apr 2022 15:40:03 +0000
Overall ETFs pulled in $197.3 billion capital in the first quarter. U.S. equity ETFs led the way higher last week with $99.2 billion inflows.

Related Posts