Two Blokes

UGL: Why $3,500 Is Key For The Gold Trade

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    Posted by Two Blokes Jul 10 - Filed in Stock - 4 views
    Gold has outperformed major asset classes, but momentum is slowing and other metals are currently leading in 2025. I rate ProShares Ultra Gold ETF (UGL) a hold, citing risks of leveraged ETFs and gold's technical resistance at $3,500. Periods of high volatility and seasonality make UGL less attractive now; a breakout above $3,500 would improve the outlook.