10/19/2017 – Gold
December gold:
1. In Fridays (10/13) Williams edge live meeting it was noted that a daily close in December gold below $1302 would indicate a tradable decline to $1286 (initial profit target) then $1278 final target.
2. Subsequently, December gold closed below $1302 at $1297.20, indicating new short entry. December gold then declined to both $1286 and on Wednesday 10/18 completed the $1278 final downside target (swing low, $1278.60). 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.