Gold is still moving within the developing upwards channel towards out “question mark zone”. Continued sideways movement will give gold a good chance of hitting our short entry zone in the next few weeks. Now is NOT the time to enter a new position. Disclaimer The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or… Read More »Gold Forecast Update October 27 2021
Gold continues to build support and certainly looks like it is on the way up to our “question mark zone” – that’s the good news. Bad news is that its simply impossible to work out where it will go next until we see how it reacts in that zone (providing it gets there). Those who went long at our long entry zone should ensure they have stops in place to… Read More »Gold Forecast Update October 25 2021
Gold has accelerated quite nicely away from our long entry zone and is now hopefully heading to our “question mark zone” – if it gets there we’ll be closing our longs as we simply don’t know how it will react at this knot of resistance – it could be a medium term top or it could keep going upwards towards our low risk short entry zone. Anyone who has gone… Read More »Gold Forecast October 22 2021
Gold is still sitting in our long entry zone and is possibly in the process of creating an upwards channel. This could lead to our “question mark” zone and potentially all the way up to our short entry zone. Early days though! Profits should be protected with stops at Monday’s low and, as time goes on, within the developing channel. Disclaimer The content on this site including products sold in… Read More »Gold Forecast Update October 20 2021
Gold provided an excellent example last night as to why you need discipline when you are trading. It is outside of our short entry zone (from a timing perspective) and it has breached 2 key trend lines which have some nice headroom above them. We should therefore NOT maintain short positions and certainly NOT add to short positions. The likely scenario is that gold will attempt to hit a higher… Read More »Gold Forecast Update October 14 2021
Gold appears to be running out of steam as expected – but at a slightly lower level than we calculated. The timing for our short entry remains unchanged (that is between now and next Tuesday) but we feel that low (ish) risk shorts can be built between current levels and 1800 – although we would personally prefer a quick pop up to, and rejection of, our green trend line at… Read More »Gold Forecast Update October 7 2021
Gold has decided its going up again. We think it has unfinished business at the upper end of our next short entry zone and the timing of this move currently looks to be right on cue. Time to sit back for a few more days and see how this unfolds – it’s certainly not time to enter new positions. Disclaimer The content on this site including products sold in our… Read More »Gold Forecast Update October 4 2021
We have exited our last short entry on Gold and are now waiting to see what it does next and we should know by Tuesday next week what plans it has. Ultimately our calculations show that gold has more downside to come – but possible from a slightly higher level than we are at today. Disclaimer The content on this site including products sold in our store and our posts… Read More »Gold Forecast Update October 1 2021
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 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