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 $140.00 short put and a strike $135.00 long put offers a potential 34.05% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $140.00 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock dropped below the $135.00 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 72.66 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SPDR Gold Trust
Safe-Haven ETFs Rally on Global Unrest: ETFs to Snap Up
Tue, 13 Aug 2019 21:29:09 +0000
Asian markets continue to bleed on increasing geo-political issues and slowing global economic growth. This, in turn, has been adding to the appeal of safe-haven ETFs.
Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds
Tue, 13 Aug 2019 11:00:13 +0000
Hong Kong Continues Its Slide Into Chaos With Chinese Troops On The Border Hong Kong stocks (NYSEARCA:EWH) are sliding again, down 15% in a month, as a second mass protest in the Hong Kong airport is threatening to shut down all international flights again. There is worry now that we could see another Tiananmen Square-type […]The post Market Morning: Hong Kong Chaos, Rates Plummet, Gold Soars, Hybrid Lull, Uber Bleeds appeared first on Market Exclusive.
All that glitters might be just what your portfolio needs now
Mon, 12 Aug 2019 16:04:00 +0000
Gold has had a strong run so far this year as geopolitical tensions swirl and bond yields go increasingly negative, and the party may not be over yet.
How This Bull Market Will End
Fri, 09 Aug 2019 23:19:00 +0000
The collapse of interest rates worldwide to zero and below suggests a financial world that is dark and cold. Yet the plunge in bond yields to historic lows correspondingly results in high values for many assets.
Rebounding Stocks Remain Volatile
Fri, 09 Aug 2019 00:28:16 +0000
Gold hit new highs even as stocks rebounded. When energy gets cheap, some investment opportunities emerge.
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