09/26/2017 – Gold
December gold:
1. In Monday’s (September 25) Williams edge live meeting it was noted that December gold (then trading at approximately $1309) could be sold short upon any test and failure at $1314 for a tradable decline down to $1303/$01.
2. Subsequently, December gold advanced to a swing high of $1317.10 and failed at that level crossing back below $1314 for new short entry. December gold continued lower and today (Tuesday, September 26) completed the $1303/$01 downside target (today’s session low, $1296.60). This successfully completes the forecast/trade. Will message any further entry or indication in December 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.