Proshares Ultrashort Gold Etf ETF Forecast

Buy or Hold candidate since May 15, 2026 Gain 23.17%

The ProShares UltraShort Gold ETF price fell by -2.20% on the last day (Friday, 26th Jun 2026) from $26.85 to $26.26. During the last trading day the ETF fluctuated 2.62% from a day low at $25.94 to a day high of $26.62. The price has been going up and down for this period, and there has been a 6.19% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 million shares and in total, 5 thousand shares were bought and sold for approximately $138.05 thousand.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 28.33% during the next 3 months and, with a 90% probability hold a price between $29.25 and $35.35 at the end of this 3-month period.

GLL Signals & Forecast

The ProShares UltraShort Gold ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.72 and $22.79. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 24, 2026, and so far it has fallen -3.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for ProShares UltraShort Gold ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $24.36 and $21.77. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, ProShares UltraShort Gold finds support just below today's level at $24.36. If this is broken, then the next support from accumulated volume will be at $21.77 and $19.73.

This ETF may move much during the day (volatility) and with periodic low trading volume this ETF is considered to be "high risk". During the last day, the ETF moved $0.680 between high and low, or 2.62%. For the last week the ETF has had daily average volatility of 2.45%.

Our recommended stop-loss: $24.90 (-5.19%) (This ETF has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GLL) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect ProShares UltraShort Gold ETF to open at $26.27, and during the day (based on 14 day Average True Range), to move between $25.75 and $26.77, which gives a possible trading interval of +/-$1.02 (+/-3.98%) up or down from last closing price. If ProShares UltraShort Gold ETF takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.32 (0.23%) than the support at $24.36 (7.24%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ProShares UltraShort Gold ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ProShares UltraShort Gold ETF to perform well in the short-term.

Current score: 2.590 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on June 29, 2026 - $26.27 ( 0.0508%).

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