03/17/2016 – Gold
April gold:
1. On Tuesday, March 15 (and later) and our Williams edge live meeting it was noted that an important daily bottom was being put in in April gold and that daily closes above $1226 would be a buy signal for a quick advance to $1272. Caution was advised due to the upcoming Wednesday, March 16 fed interest rate announcement.
2. Subsequently, April gold advanced quickly and powerfully to the $1272 upside target (today’s session high, $1271.90, so far). This successfully completes the forecast/trades. Will message any further entry or indication in April gold.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.