Gold Signals – Final Review

We have reached the end of our seven month trial of Gold Signals from 123 Free Signals and here are the final results:-

 

Profit/Loss:	-35 pips
Strike Rate:	45%
Bank Growth:	-18%
ROI:	-11%
Average number of trades:	5 per month
Cost:	$89/year
VERDICT:	FAILED
Rating:

 

You can view full results here.

 

Gold Signals – Full Review

 

Gold Signals is a gold trading service from the people behind 123Freesignals.com, a service we have reviewed here at Honest Betting Reviews and given a passed rating to. 

They don’t select the gold signals themselves, those originate from someone else, but the 123 team send out the signals to members who have paid for the gold signals service.

To sign up, you will need to contact the 123freesignals team – or use this link. 

It is a very simple service to follow, with on average just 5 signals per month. 

As a member you will receive an e-mail like this:

BUY GOLD $1267 – $1268
STOP $1252
PROFIT $1296

So you would then just buy gold at the recommended price of $1267-$1268, put in your stop loss at $1252 and your take profit price at $1296 and then leave it to run – until it either closes or you are given further instructions.

For example you may receive another e-mail shortly afterwards saying:

GOLD HOLD, MOVE SL TO ENTRY

So you are advised to move your stop loss to the entry level – in this instance the price would have moved in a favourable direction.

We were optimistic coming into this trial on the basis of the results achieved by 123Freesignals and were hopeful that things would turn similarly well for the gold signals.

Unfortunately though they have ended up somewhat disappointing, with a loss of 35 pips being made.

We used 10 points (or pounds in our case) per pip, which sounds like a lot but actually when most signals have a potential move of 10-20 pips, it isn’t actually very much and some people no doubt are using considerably higher stakes than that.

In any event, we feel that for a seven-month period, making a 35 pip loss isn’t too good and it is a narrow FAILED rating from us.

 

Service Breakdown

Ease of use: A very simple service to use which is good news. With just 5 signals per month on average, the time commitment needed here is extremely low.   

Availability of prices: The prices did tend to move quite quickly from when the signals are sent, which can be any time, to us getting the trade on. That meant we often missed the recommended price, so our results are a little worse than the official ones. 

Strike rate: The strike rate during the trial was 45%, which on the face of it is good but would obviously need to be higher to make a profit, probably above 50%.

Advised Betting Bank: We used a 200 pip bank for following the service, which seemed reasonable given the strike rate and average risk level. 

Subscription costs: The costs are $89 per year, which is very reasonable. 

 

OVERALL VERDICT: FAILED

Gold is one of those seductive commodities that you can’t help but be drawn to. It has an enduring quality and feel that has appealed to people from across the world and throughout history. 

So we were rather drawn to the prospect of a service that trades in gold signals, perhaps partly because there aren’t many gold services out there and perhaps also just because its general allure.

We also had high expectations given that it comes from 123freesignals, whom we have a lot of respect for.

It is therefore a little disappointing to finish with a loss of 35 pips (or 345 points in our case), particularly after following the service for 7 months.

So we are forced to award this a narrow FAILED rating as we cannot recommend it at this time. Hopefully results will pick up over time and if they do we will update this review.

By the way, if you do want to sign up, you will need to contact the 123freesignals team – or use this link. 

 

 

 

 

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Gold Signals – Results Update

13th September 2017

Still not much positive news to report for Gold Signals from 123 Free Signals unfortunately, with more losses since our last update.

We have a lost a further 170 pips since our last update, meaning we are now 505 pips down for the trial overall.

You can view full results here.

We have been following the signals for coming up to six months now, so will wrap things up here shortly.

 

 

 

 

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Gold Signals – Results Update

17th August 2017

It continues to be a bit of a struggle for Gold Signals from 123 Free Signals, which have lost a further 200 pips since our last update just over a month ago.

That means we are now 335 pips down for the trial overall.

You can view full results here.

You could say we have been a little unlucky, with a couple of trades that were doing well before the Trump/North Korea situation developed and sent them to a loss.

There also appeared to be some e-mail problems from their end so we may have missed a trade or two. 

In any event, we are not quite seeing the returns we had hoped for here, but things can always turn around and let’s hope they do soon. 

 

 

 

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Gold Signals – Results Update

12th July 2017

A quiet time lately for Gold Signals from 123 Free Signals, with our last five trades ending up being cancelled.

Since our last update we have lost 140 pips, although we did seem to miss one profitable trade due to e-mail problems.

Overall for the trial we are now 135 pips down after three and a half months.

You can view full results here.

The gold price has dropped quite considerably over the last month, so a few sells would have done well but obviously that is with the benefit of hindsight!

Hopefully we will see a few more completed trades this month and some movement in the right direction.  

 

 

 

 

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Gold Signals – Results Update

30th May 2017

It’s been a tricky trading period for Gold Signals from 123 Free Signals, with quite a bit of volatility in the markets leading to a 90 point loss since our last update.

That means we are now 5 points in profit for the trial as a whole, trading at £10 per pip.

You can view full results here.

As we mentioned previously, this is a fairly low volume service, with only 14 signals given since we started following the service two months ago.

Overall then we are more or less where we started at around break even. Hopefully things will pick up for Gold Signals now. 

 

 

 

 

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Gold Signals – Results Update

5th May 2017

It’s been a steady – if unspectacular – start to our trial of Gold Signals from 123 Free Signals.

Since starting on 27th March, the service has only provided 10 signals, so this is a low volume service.

The good news though is that we are in profit – having made 95 points profit to 10 pounds per pip (or £10 per dollar in the case of gold). 

You can view full results here.

It is worth mentioning that you may have done slightly better than us if you had been following the service, depending on how quickly you had got your trades on after the signal was sent out.

We have been a little slow on a couple of occasions (only by an hour or so) and the price had already moved a couple of dollars by the time we had executed the trade.

But all in all a good start and let’s hope for more of the same going forward. 

 

 

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Gold Signals – New Review

27th March 2017

Trading gold is a tantalising prospect.

It’s one of the world’s most valuable commodities.

It has a certain glamour that most other commodities just cannot match.

It’s something we can all identify with.

And a few years ago it enjoyed a mammoth bull run that made some people very wealthy. Very wealthy indeed.

Back before the financial crisis of 2008, gold was valued at around $400 per oz.

As markets crashed around the world however, investors flocked to the safe haven of gold and its price shot up to around $1900 per oz by 2012.

You may even have had your grandad telling you he had been hoarding little gold trinkets for decades in the hope that its value would soar in the event of a financial meltdown. 

Now grandpops might not have made quite the fortune he was hoping for, but certainly some people did very well and it shows you the potential of the commodity.

Anyway, gold has fallen quite a bit since 2012 to around $1255 per oz at the time of writing, but that is still a huge uplift on its price before the crash.

So gold has enjoyed some huge fluctuations over the years and even has some big fluctuations from day to day as well, making it ideal for traders.

It is also one of the most liquid markets to trade, with generally small spreads available.

Gold is something we have always wanted to trade but have never really had time to look at properly.

So we were very excited when we heard about a new GOLD signals service from the people behind the best forex service we have ever come across, 123 Free Signals.

Basically they have been receiving gold signals from a lady who works as a full time gold trader and allowed them access to her signals as a trial. They have apparently seen her profit for many months and years on GOLD and recently came into proper contact with her where she gave them more information and promised some trial signals.

Now after her trial ended – and in their opinion very successfully – they were interested in signing up to her service.

She doesn’t supply signals to individuals but has agreed to supply them to 123 Free Signals in a kind of “bulk package.”

Subscribers to 123 Free Signals can then get the signals for a ridiculously low cost of just $49 per year.

Amazingly, they actually hope to provide the signals free in future years.

Either way, it looks like exceptional value if the signals continue to be as good as those seen during the trial.

So far the signals are about 20% up for the year, which we understand is fairly typical for the service and the lady supplying the signals makes around $300 – $500 per successful trade apparently. 

Although we have only been privy to the signals for a short period, they do look promising – certainly promising enough for us to sign up to the year’s subscription and to run a live trial here on the site.

So we will commence the trial today and aim to follow the signals for three months for the purpose of the trial.

There are expected to be just 1-2 signals per week, which is very manageable.

If you are interested in getting these signals as well, you will first need to sign up to 123 Free Signals (which as the name suggests, is free), as the gold signals doesn’t have its own website at the moment. Then they will send you details of the GOLD subscription.

Anyway, it is nice to get to trade something new as opposed to football and horse racing all the time, so let’s see how this one gets on.

You can check out 123 Free Signals here.