Detailed Review: "Gold Signals 98% Sure" Telegram Channel - An In-Depth Study of a Fake Trading Scam
- Anna Taimes
- Oct 10
- 4 min read
The "Gold Signals 98% Sure" Telegram channel offers itself as a top destination for high-probability gold and forex trading signals. As such, potential subscribers need to know of a significant red flag from the very beginning: The username of the channel is in a perpetual rotation, thus being hard to find, and that in turn is one of the indicators of a potential scam. This is a typical tactic among fraud schemes used for dodging scrutiny, eluding reports, and vanishing once their present subscriber base realizes the plan. Accompanied by a sheer lack of openness, such obfuscation is the preamble to the fraud that is described in the present review.
Channel Overview
Telegram Channel Link - https://t.me/Goldsignals98sureLive
1. The Faceless Mirage: False Promises and Anonymity
The key and most important red flag for any service, particularly in the wild West of online trading, is for it to be transparent. An honest educator or signal provider presents their analysis with a reputation and a face. "Gold Signals 98% Sure" brings none of that. There is no genuine face, no real individual behind with a name/history/face. This is a deliberate choice for anonymity, in that it prevents the operators from being called out when their signals, as they inevitably must, cause you financial damage. They hide behind a brand name that is in itself a deception: "98% Sure."
The channel's structure is also suspect. While it aggressively promotes a VIP group for more signals, the channel hasn't VIP subscription bot. This often indicates an informal, unprofessional setup where payments are handled manually, offering you zero buyer protection and making it easy for them to disappear.
2. The Bait-and-Switch: Our Investigation Finds Out the Truth
The entire model of this channel is a classic "bait-and-switch." They offer a free channel which provides 1 free signal a day. This signal is advertised as a taste of their premium service. Crucially, this free signal is reposted from VIP group, where its members can benefit from more daily signals. The free signal is the bait designed to hook you with the promise of easy profits, pushing you to pay for the full, "winning" VIP experience.
However, our investigation did not take their word for it. We conducted rigorous backtesting on their freely available signal history to verify their outrageous 98% claim. The results were damning. Our backtesting shows 27% accuracy of free signals. This means that out of every 100 trades, you would lose about 73 of them. A 98% claim collapsing to a 27% reality is not an error; it is fraud.
3. Deconstructing the Scam: How the Signal Itself is Engineered to Deceive
Let's take a typical signal and see how the scam operates on a technical basis. The channel gives signals with a form that is mathematically crafted to make the follower fail in the long term, while enabling the channel to make short-term "wins."
This is the free signal example you gave:
XAUUSD BUY 3862/3859
TP1. 3866
TP2. 3869
TP3. 3874
TP4. 3900
SL. 3850
The Technical Analysis of the Deception:
The Illusion of Victory (TP1 & TP2): These two Take-Profit levels sit extraordinarily close to the entry point, i.e., just 4 and 7 pips from it, respectively. As such, they would very readily and promptly hit in a highly volatile market such as that for gold. Upon hitting TP1 or TP2, the channel would then instantly upload a "PROFIT!" screenshot to their public feed, generating a steady stream of seemingly successful results.
The Hidden Knife (The Stop Loss): Stop Loss at 3850 is set an atrocious 12 pips from the mean entry. This kind of signal is horrible in terms of real reward to risk ratio. Stop Loss is much too distant from the entry region, while TP1 and TP2 lie almost side by side.
The Scam Strategy Revealed: That is a classic strategy scam signal channels use to claim profit gain, while in fact making tiny profit in comparison to a potential risk.
The Devastating Math Behind the Scheme:
Assuming that you take this trade with 1 mini lot. Reaching TP1 pays you $4, but in case of reversal of the trade and hitting your Stop Loss, you lost $12.
You need to achieve, on average, 4 free signals to make up for only 1 losing signal, as our tests indicate. If you have a true accuracy of 27%, you aren't winning 4 out of 5 trades, you're losing nearly 3 out of 4. This negative asymmetry ensures that, in the long run, your account is being steadily but inexorably drained. The periodic hit on TP3 or TP4 can't make up for sheer numbers of losses and dismal risk-to-reward on the common "winning" trades.
Conclusion and Strong Warning
"Gold Signals 98% Sure" is not some low-cost service, but is instead a predatory scam specifically devised with the purpose of profiting from your losses. It exploits anonymity, easily falsifiable advertising, and a toxic trading model devised to forge a record. Signals of that kind are much riskier for the purpose of a trade, and the channel is mostly providing outright false statements of profit gain.
0/10 TRUST SCORE
Waste your time with this station, even with their no-cost signals, and you'll acclimate to a catastrophic methodology of risk management. Shelling out for their VIP service would amount to paying your money to a flimflam artist in person. Do not risk your money or your sanity. Keep away. There is no other logical course of action.
