Hello friends,
Gold price can bounce over the 200 day moving average (yellow line - see below picture).
I am taking a short term bet through an ETF with 3 times (3X) leverage, the 3GOL LN Equity, and target +20% on this product.
For a small position in the portfolio i think this trade could make sense, especially given the potential increase in noise coming from the upcoming US Presidential election.
This is not financial advice but rather a question to you. What do you think of this rationale? would you agree?
