(SGOL)

SGOL trades at $34.74, 24.1% above the near-term max pain of $28 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($28-$31), signaling increased put positioning or downside protection. Key magnetic zone at 31 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SGOL shows a downward trend from 31 to 28, indicating bearish sentiment or hedging activity. The 10% spread suggests strong consensus on fair value. Most levels below 34.74 may cap rallies. Strong magnetic level at 31 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.