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Gold SPDR (GLD) Trading Near $123.63 Support Level

Feb 08, 2018 (Marketintelligencecenter.com via COMTEX) --

Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>) closed Feb 7, 2018 at $124.79 and technical indicators recently have been bearish. With those figures in place, the algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have identified a couple of attractive trading opportunities in Gold SPDR for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $85 call and a short position in the May 18, 2018 $124 call for a net debit of about $37.85. This trade has an assigned return of 3.03% and 1.55% downside protection. For more a more conservative play, look at a covered call using the May 18, 2018 $124 call for a $37.85 net debit. This trade has an assigned return of 2.44% but the downside protection increases to 3%. Over the last 52 weeks the stock has traded between $114.02 and $129.51.A

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