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Gold SPDR (GLD) Trading Near $127.29 Resistance Level

Feb 05, 2018 ( via COMTEX) --

After Feb 2, 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 2.10% or 10.41% (for comparison purposes only), while providing 2.37% downside protection. The trade is a Apr 20, 2018 covered call at the $126 level for a net debit of about $123.39. 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 $125.50 and $127.29, respectively.

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