Back in March 2022 we forecast that a top was in for Gold so lets take a look and see if that top will be maintained in our Gold Forecast 2023. Firstly lets take a quick look back at how gold performed in 2022. Gold peaked at around 2070 on the 8th March 2022 and on the 13th March 2022 we forecast a top was in place. We have placed… Read More »Gold Forecast 2023
With the first two months pretty much out of the way we are now able to provide our FTSE 100 Forecast 2023. The FTSE 100 is currently going through a multi month topping process combined with an expected 5 year (ish) topping process. The difficulty with a multi – year top is that is very difficult to pin down. The best we have been able to do is to ascertain… Read More »FTSE 100 Forecast 2023
It’s been a difficult year for the FTSE 100 but if you’ve followed us with our live trades on Twitter you will have made 927 points profit over the first nine months. This is a 12.5% return using the December 31 2022 position as a reference point – so certainly better than “staying in cash” and much better than staying invested in the FTSE 100 Index which has fallen by… Read More »FTSE 100 Forecast Update October 2022
It’s been a tough year for the SPX but if you’ve followed us with our live trades on Twitter you will have made 761.5 points profit. This is a 16% return using the December 31 2022 position as a reference point – so certainly better than “staying in cash”. Looking forward into the last quarter of 2022 we can see 2 relatively low risk opportunities. Firstly we are/ were expecting… Read More »SPX Forecast Update October 2022
Before looking at where we calculate the FTSE 100 is going in the second half of 2022 let’s first take a look at the forecast we prepared in January 2022. Our forecast highlighted 3 key moves A Sharp move down during January/ February towards 7,000. The index fell to 7,225 but then found strong support which propelled it to a new high of 7,688 on the 10th February 2022 –… Read More »FTSE 100 2022 Forecast Update
Is a gold top now in place? The timing is certainly perfectly in line with our 2022 forecast and the price of gold is right between the lower and upper entry zones which we forecast several months ago. Last week gold came within 20 points of our higher short entry zone and whilst we do have some concerns that our initial short entry zone was penetrated with ease, timing is… Read More »Is a gold top now in place?
Our gold price forecast for the first couple of months in 2022 has held up very well. As expected we saw a small retracement – although it was a little shallower followed by a move up to our potential short entry zone. As at the time of writing (11 am GMT) gold has penetrated our short entry zone close to the average time we would have expected this to be… Read More »Gold Price Forecast for 2022 – Update February 2022
Last week saw the FTSE 100 turn down in line with our short term forecast. The question is how far will it fall before it finds some support. We see no reason to change our current projection which expects a fall to a least 7250 and we are letting our short run towards this level. The difficulty will then be to try an establish whether this is a safe place… Read More »FTSE 100 turning down
The FTSE 100 has pretty much followed our projection for the first part of January and is now turning down as expected. If we get a strong down day today then we would expect this move to continue for a couple of weeks. This would be in line with our analysis and also with most previous moves on the FTSE 100 where it has ‘popped through’ the upper Bollinger Band.… Read More »Where next for the FTSE 100?
Is the FTSE 100 about to turn or is there still more upside? The FTSE has moved nicely up to our short entry zone and has been sitting within it for 10 days. We are now at the point where the FTSE 100 should move down towards zone (2) within the next 2 sessions to keep the structure of our forecast alive. For this reason we have entered a short… Read More »Is the FTSE 100 about to turn?