Gold is right on the edge of our “safety zone” after blasting through a number of resistive trend lines. A move above 1765 would be a sign for us to close shorts and look for a possible short entry point higher up in the next week or so. For now lets just keep an eye on it. Disclaimer The content on this site including products sold in our store and… Read More »Gold Forecast Update September 30 2021
The FTSE 100 Index has hit our short Index Setup zone today. Any one who has taken this trade should place a stop at around 7160 – or even at the level they entered – as, if this forecast is to hold true, there needs to be a quick snap down to sub 7000. If you make money on this trade – or have on any of our other previous… Read More »FTSE 100 Index update September 30 2021
The Gold price is now 100 points down from our initial short entry point. We still have a long way to to go (distance and time) for our long entry point but we are watching a new “question mark” zone where it may be wise to exit from (or reduce) short positions (if it gets there). Disclaimer The content on this site including products sold in our store and our… Read More »Gold Forecast Update September 29 2021
We are looking at the possibility of a low (ish) risk short on the FTSE 100 over the next couple of days. If this zone it hit and the trend line is respected then it will “confirm” a new short term trend line and give confidence to our targets later in the month. An initial target for this short would be 6900 – giving a reward/ risk ratio of at… Read More »FTSE 100 Index Forecast Update September 29 2021
Gold is struggling to get through a number of trend lines which means our long entry zone later in the year is more likely to be hit than not. This week will be key and a significant move down from current levels will allow those who went short in first short entry zone to be able to place stops at around 1765 – but lets wait and see where we… Read More »Gold Forecast Update September 27 2021
The FTSE 100 Index has paused at our “question mark” zone and failed to reach the higher levels of resistance in this zone. We are looking for downwards movement over the next few days to add confidence to our next entry zone. Some may want to risk a short entry here with stops at 7135 and a reward to risk ratio of 6:1 – this would be a risky trade… Read More »FTSE 100 Index Forecast Update September 27 2021
The gold price reached 94 points down from our initial short entry point on Friday. It’s failure to break through upper trend lines make it less likely that the secondary short entry point will be hit (but not impossible). Those of you who went short in our first short entry zone now have a number of levels where at least you can protect some profits – the dotted green line… Read More »Gold Price Forecast Update September 25 2021
The SPX 500 Index has hit our “question mark zone” and is now around a key fib retracement level which bisects our confirmed trend line. This is very important as a strong move upwards will likely see a new high and a failure to recapture the trend line should take us to a new low where we could look for a long entry point. A “riskier than usual short” is… Read More »SPX Index Forecast Update September 23 2021
The FTSE 100 Index is now in our “question mark zone”. There is about 45 points on the upside at which point we would ideally like the FTSE to turn down to maintain the integrity of our forecast. Nothing more to say today – it’s a watch and wait day. Disclaimer The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest,… Read More »FTSE 100 Index Forecast Update September 23 2021
The FTSE 100 is building some support as expected and if you went long at 6830 it’s important to be aware that the FTSE 100 Index has several trend lines to contend with before getting into the position to be able to make a new high. Our medium term calculations still show that the downwards correction is not complete and the most likely time for it to complete is early… Read More »FTSE 100 Forecast update September 22 2021