Gold trading with JDST inverse ETF
The question: When Gold price is falling and I don’t know what to buy what should I be looking at?
JDST inverse ETF $jdst is the way to play.
First, let’s look at long term gold chart to confirm direction.
The weekly chart in gold has a lot of sell pressure and shows the lower high pattern setting in for a continuation down.
JDST inverse ETF was showing strength from the open. We Picked a previous swing high for the target and an entry from consolidation and an ascending wedge on the short term charts.
Check the R/R and the entry.
What is $JDST the triple inverse gold ETF?
JDST – before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the MVIS Global Junior Gold Miners Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes). The index tracks the performance of foreign and domestic micro-, small- and mid-capitalization companies. The fund is non-diversified.
- Money Maker Edge