A daily, binary bet on gold using two 2x leveraged ETFs (UGL and GLL). It uses RSI and moving-average signals to decide which side to own (or stay in cash), aiming to ride gold trends with amplified exposure but with guardrails to avoid weak signals.

- The strategy trades only two instruments: UGL (2x long gold) and GLL (2x short gold). It does not mix them; it allocates 100% to one side or stays in cash depending on signals. - Rebalance happens daily: every day the system re-evaluates signals and decides which side to be on (UGL, GLL, or cash). - Signals are built from a mix of momentum and trend indicators focused on gold-related price data. The main ideas are: check if gold has upward momentum and is not overextended, or check if gold is losing momentum and likely to drop. - Indicators used include moving averages (to assess trend) and RSI (to gauge momentum and whether prices are overbought or oversold). The rules include several thresholds and windows, such as short and long moving-average comparisons (e.g., 50 vs 200 days) and RSI thresholds that trigger entry/exit decisions. - Relative checks may compare one instrument’s momentum against the other (e.g., using GLL’s RSI or price conditions with UGL as a reference), adding a layer of confirmation before entering a position. - If the conditions strongly favor one side, the model puts 100% of capital into that ETF (UGL for a bullish view on gold, GLL for a bearish view). If conditions aren’t compelling, the system can stay in cash, avoiding a forced bet. - Because both instruments are leveraged, moves are magnified: small gold moves become larger gains or losses in UGL or GLL. This amplifies both upside and downside risk. - Overall goal: capture meaningful gold trends while reducing exposure during unclear periods, but with the trade-off of higher risk due to leverage and complex rule-sets.

Out-of-sample, this binary gold strategy delivers Sharpe ~3.0 vs S&P ~0.92, low beta ~0.07, Calmar ~11, and ~19.6% max drawdown—offering amplified upside with far lower market correlation.