07/23/2017 – Gold
August gold:
1. In Fridays (July 21) Williams edge live meeting it was noted that hourly or daily closes above $1247 or $1250 in August gold were bullish and indicated a test/attempt at $1256/$57 into as early as Monday/Tuesday of this week (week of July 24).
2. Subsequently, August gold closed both hourly and daily above $1247 (and $1250) and completed the forecast $1256/$57 upside target in Sunday’s (July 23) Globex session (Globex session high, $1257.60). 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.