07/14/2017 – Gold
August gold:
1. In Mondays (July 10) Williams edge live meeting it was noted that a daily close above $1208 in August gold should be bought for an advance to first $1224/$25 (initial profit target), then $1231 (final upside target) expected into Thursday, July 13 (+/-1 day).
2. Subsequently, July 10 closed the day at $1213.70 (above $1208.00), indicating new long entry. The market advanced to the $1224/$25 initial profit target Wednesday, July 12 and today (Friday, July 14) completed the final $1231.00 upside target (today’s session high, $1232.70, so far). This successfully completes the forecast/trade. Will message any further entry or indication in August 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.