SPDR Gold Trust (GLD) Offering Possible 74.83% Return Over the Next 6 Calendar Days

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 $115.00 short put and a strike $110.00 long put offers a potential 74.83% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $2.14 would be kept by the premium seller. The risk of $2.86 would be incurred if the stock dropped below the $110.00 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 61.95 level which suggests that the stock is neither overbought nor oversold at this time.

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