5 Best Gold Signals Groups on Telegram
Gold's prices are reaching an all time high. The result is that the traditionally safe asset is getting a lot of interest from investors. Like any asset, you can buy and hold onto your gold, or you can trade it.
Trading signals are becoming an increasingly prominent method for traders and investors to increase their potential returns.
The idea behind them is simple. Signals are released by traders letting you know what price to buy gold at and what price to sell, with the clear intention of returning a nice profit. The principle behind the idea of gold signals is that traders are passing on the work it takes to research a trade onto a team of better and more-informed traders.
There are a plethora of groups that you as a trader can follow, however, deciding which is the best one can often be a difficult task. That’s why in this article we've reviewed and ranked the 5 best gold signals groups on telegram.
First, we’re going to show you exactly what gold signals are and how you can use them to make a profit.
Best Gold Signals
The best groups tend to operate in telegram groups with thousands of members. When the signal provider is ready to issue a trade, they will send out a notification that looks like this:
The call tells you what price to buy gold (XAUUAS) at, whether to go short or long, the take profit targets and lastly the stop loss target. If you have a good gold signals provider that knows what they’re doing, then you should hopefully make an excellent return:
Hopefully you now understand what gold signals are and how subscribing to one can be profitable. Now, let’s get into our list on the 5 best gold signals groups on telegram.
1. MYC Forex & Commodities Signals (@MYC Signals)
MYC Signals is a solid group that releases consistently profitable gold signals. Their motto is all about consistency and therefore, helping their members generate sustainable returns. This means that you can reliably predict how much returns you can expect to make as a result of being a member of their group.
Although, they don’t just only provide gold signals, they also provide forex signals, something that very few other groups offer. By releasing both gold and forex signals, their members get a lot more value. In addition, MYC Signals also post daily market and technical analysis updates so their members understand every trade so they themselves can become better traders.
If you want to join their group and begin your journey of generating income from their gold and forex signals, then here’s how you can get started with them:
1) If you have telegram be sure to reach out to the admin, @MYCSupportBot, as well as to join their free gold signals group, MYC Forex & Commodities. In this group, you will receive completely free gold signals so you can see the quality for yourself. Alternatively, if you don’t have Telegram, feel free to contact them via email: [email protected] and they’ll walk you through how to get started.
2) They offer their premium channel: MYC Forex & Commodities VIP for you to join. The membership can be paid via any cryptocurrency of your choice or via card over at their payments page.
3) Once you’re all signed up and are a premium member, they’ll work with you to make sure you can follow their signals as easily as possible, as well as to solve any problems you may have. They tout 24/7 customer service so regardless of which time zone you live in, you can be sure that you’ll get a prompt response.
2. HuracanFX – Gold Group
Although HuracanFX do offer predominately gold signals, they do also offer forex too. They’re one of the smaller gold signals providers on telegram, however, unlike most others, they offer free gold signals so members can gain an understanding of their accuracy before deciding to join their premium groups.
The group is also diligent in showing trading setups so members can see for themselves the rationale behind a particular trade. One downside of the group however is the amount of promotions they run in the free group. We personally would prefer it if they used the precious post space to offer more educational content as opposed to doing so many promotions. Nevertheless, they’re an ok group to follow to at the very least receive free gold signals from.
3. Gold Trading Signals – By Marcus
The main advantage of this group is that the team really spend a lot of time in keeping members informed as to the current world economic situation which have a strong chance of affecting gold prices. This group also post plenty of trade setups so members can gain a better understanding of how gold moves as an asset, as well as what makes sense as a sensible trade.
The main issue with this group however is the lack of frequency when it comes signals as well as posts in general. It’s been a few weeks since the last post, so this channel has quite a bit to go in order to be a larger more respected gold signals provider on telegram. Although their charts and educational content is as good as any.
4. Profits Hunter Signal
With the intention to hunt profits, this group once again has a focus on offering high-quality free gold signals. In terms of frequency they’re certainly up there with posting 5+ signals a day. However, with posting so many signals performance can start to suffer from time to time.
Even though this group posts frequently, they post very little in the ways of educational content. It’s important for a group to educate as well as make money for their members so they themselves can become better traders, however, this is something this group does not do.
However, if you’re looking for plenty of signals to get an idea of why an expert trader trades the way he does, then this group is a solid one to join.
5. Loi’s Gold TradingRoom
With a focus on gold signals, we like the group predominately because of the trade setups and charts that’s posted in the free group. The charts are incredibly precise and clear, so much so that an novice trader can understand the ideas behind them.
However, the group places very little in terms of free gold signals making it very difficult to ascertain the quality before signing up for the premium service. The group does do a good job with posting important news information that will affect gold prices. This really does eliminate the need as a trader to keep up with the news stories yourself which can be incredibly tiring.
All in all, it's an ok group that we would recommend joining for the technical analysis and news updates.
Buying gold signals and outsourcing the hard work of looking for profitable trades is becoming a more and more popular for regular retail traders to make some attractive returns. With one of the 5 groups mentioned above, it's sure to be a worthwhile investment. However, it’s important that you do plenty of your own research before joining a group so that you select the group whose risk profile matches your own. Happy trading!