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Gold SPDR (GLD) Trading Near $116.48 Support Level

Dec 07, 2018 ( via COMTEX) --

After Dec 6, 2018aEUR(TM)s trading in Gold SPDR (<a href="">GLD</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.04% or 10.64% (for comparison purposes only), while providing 2.11% downside protection. The trade is a Feb 15, 2019 covered call at the $117 level for a net debit of about $114.65. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $116.48 and $118.01, respectively.

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