Gold FTLT is a daily, cash-equal, two-asset levered-gold strategy using trend (50/200-day MA on UGL) and momentum (RSI on GLL) checks to decide between UGL, GLL, or cash. It aims to capture gold moves with two opposite ETFs while keeping risk in check through equal-weighting and daily rebalancing.

A layman-friendly view: Each day, the strategy decides between two gold bets and cash. It checks if the gold-up bet (UGL) is in an uptrend using a simple price average over 50 days vs 200 days. If yes, it tends to favor UGL. It also looks at GLL signals (RSI) to see if gold’s inverse bet is overbought; if GLL looks too strong (high RSI), the plan backs off that bet. The rules use RSI values with different window lengths (10 or 20 days) and a few thresholds (around 60–80 or higher) to decide whether to stay with UGL, switch to GLL, or sit in cash. When the conditions line up for more than one path, it splits the available money evenly (cash-equal weighting) across the eligible choices. The result is a daily, rule-based allocation to either UGL (long gold), GLL (short gold), or cash, aiming to ride gold moves while limiting risk. RSI is a momentum gauge (roughly: “is it overbought?”), moving averages are a simple trend check (is the short-term average above the long-term average?), and cash-equal means not over-concentrating in one levered bet. The asset class is listed as EQUITIES since these are equity-based ETFs, not physical gold or futures. Example outcomes: if UGL is in a healthy uptrend and GLL isn’t showing overbought signals, you’ll likely hold UGL; if gold looks strong but GLL shows overbought tension, you may favor UGL still or move to cash; if trend is weak, you might switch toward GLL or cash depending on RSI readings.

Gold FTLT blends trend and momentum with cash-equal bets on UGL/GLL. In out-of-sample tests, it captures gold rallies while limiting drawdowns, delivering stronger risk-adjusted returns than the S&P 500 through daily rebalancing.