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As we get into earnings season and volatility is picking up, more and more investors seem to be moving a portion of their assets to the safe-haven of gold. We are seeing evidence of a move to gold with SPDR Gold Trust (ETF) (NYSEARCA:GLD) breaking up through resistance at $123 on its daily chart on Friday.
With this resistance break, we are anticipating GLD will continue moving back up toward its next resistance level at $125 — if not higher — as volatility continues to pick up as we go deeper and deeper into earnings season.
‘Buy to open’ the GLD November 125 Calls (GLD171117C00125000) for a maximum price of $1.15.
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