07/13/2014 – Gold

Issued: 07/14/2014

Aug. gold:

1. Today’s (Monday, July 14) Aug. gold declined sharply in response to the forecast Thursday, July 10 daily market top.

2. Today’s decline triggered our recently adjusted protective sell stop at $1329, stopping us out of the remaining 1/3 of our July 9 long position from $1332. This resulted in a successful trade.

3. Longer-term, higher prices remain indicated. Will message any further entry or indication as the market confirms.

David Williams

Issued: 07/09/2014

Aug. gold:

1. As noted in previous updates and live meetings Aug. gold is expected to continue to advance and test/attempt $1341/$42 after completion of the forecast July 4 (+/-1 day) daily market bottom.

2. Today’s Aug. gold triggered new long entry by reaching the $1332 buying territory noted in today’s live meeting (today’s session high, $1333, so far).

3. Initial long position exit should be taken at/near $1334/$35. A further exit at the $1341/$42 target. Any remaining position should be held for the possibility of higher prices to be messaged in a subsequent update.

4. A daily close today above $1332 is the stronger position, below $1328, the weaker position.

5. A protective sell stop should be placed at $1322. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 07/09/2014

Aug. gold:

1. We remain long Aug. gold from $1332 entered earlier in today’s session.

2. Our protective sell stop has been raised to $1324. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 07/10/2014

Aug. gold:

1. Today’s Aug. gold completed the forecast $1342 upside target noted in our previous update.

2. Traders long from yesterday’s $1332 entry exited partials at $1334/$35, then $1341/$42 noted in the previous update. Our remaining long position will continue to be held for the possibility of higher prices to be messaged in a subsequent update.

3. Our protective sell stop has been moved to $1327. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 07/03/2014

Aug. gold:

1. The next important daily market bottom for Aug. gold is Friday, July 4 (+/-1 day). Note: The July 4 partial market holiday may alter this date slightly.

2. This important bottom will likely prompt new long entry for tradable further advance in Aug. gold. Will update as the market confirms.

David Williams

Issued: 07/08/2014

Aug. gold:

1. Our previous (Thursday, July 3) update indicated a forecast daily market bottom due in Aug. gold on Friday, July 4 (+/-1 day). This bottom occurred one trading day early on Thursday, July 3.

2. As noted in Monday’s (July 7) Williams edge live meeting, the forecast July 4 daily bottom is the earliest indication for a continued advance and test/attempt at $1341/$42 (or higher).

3. Continued daily closes above $1314 in Aug. gold will further confirm the above-noted advance and likely prompt messaged new long entry. Will update as the market continues to confirm.

David Williams

Issued: 07/13/2014

Aug. gold:

1. We remain long our final position in Aug. gold from our July 9 $1332 long entry.

2. However, Thursday, July 10 was the next important daily market top in Aug. gold. While longer-term we expect higher prices, a multi-day sideways to lower movement is expected shorter-term.

3. Therefore, we have moved our protective sell stop up to $1329. This stop will continue to be moved higher as the market continues to confirm.

David Williams