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Gold SPDR (GLD) Trading Near $121.41 Support Level

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

After Nov 9, 2017aEUR(TM)s trading in Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 2.40% or 8.97% (for comparison purposes only), while providing 2.45% downside protection. The trade is a Feb 16, 2018 covered call at the $122 level for a net debit of about $119.12. 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 $121.41 and $122.77, respectively.

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