SPDR Gold Trust (GLD) Offering Possible 35.14% Return Over the Next 9 Calendar Days

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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 $173.50 short call and a strike $179.00 long call offers a potential 35.14% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $173.50 by expiration. The full premium credit of $1.43 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $179.00 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 25.28 level which suggests that the stock is neither overbought nor oversold at this time.

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