07/25/2017 – Gold
August gold:
1. In yesterday’s (Monday, July 24) Williams edge live meeting it was noted that a daily close below $1258 in August gold could be sold short for an expected decline and test of $1248/$47 into later this week.
2. Subsequently, August gold closed yesterday at $1255.30 (below $1258) indicating new short entry. Today (Tuesday, July 25) August gold declined and completed the $1248/$47 downside profit target (today’s session low, $1248.80, so far). A further test of the $1248/$47 downside target remains likely. 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.