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Gold SPDR (GLD) Trading Near $124.05 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Gold SPDR (<a href="http://www.marketintelligencecenter.com/symbol/GLD">GLD</a>) could yield about 2.07% (10.81% annualized, for comparison purposes only) in 70 days. Pair a long position in the stock with the Apr 20, 2018 $124 call for a net debit of about $121.48. This position also has 2.80% downside protection. Gold SPDR closed at $124.98 Feb 8, 2018. Technical indicators for GLD are bearish and support and resistance have been about $124.05 and $125.91, respectively.A

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