My short term trade in Gold

[fedescolari]

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?

Comments

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[fedescolari]

ok, thanks

[hivebuzz]

You're welcome @fedescolari
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