12/29/2014 – Gold
Issued: 12/30/2014
February gold:
1. Our Sun., Dec. 28 Feb. gold report indicated a likely test/attempt at $1204 during the week of Dec. 29 (this week). As noted in yesterday’s (Monday, Dec. 29) Williams edge live meeting, our preferred buying territory was upon a successful test of $1177/$76 for the advance to test/attempt $1204.
2. However, yesterday’s swing low was $1178.60, so no new long entry occurred. Will message any further entry or indication in February gold as the market confirms.
David Williams
Issued: 12/30/2014
February gold:
1. Our Sun., Dec. 28 Feb. gold report indicated a likely test/attempt at $1204 during the week of Dec. 29 (this week). As noted in yesterday’s (Monday, Dec. 29) Williams edge live meeting, our preferred buying territory was upon a successful test of $1177/$76 for the advance to test/attempt $1204.
2. However, yesterday’s swing low was $1178.60, so no new long entry occurred. Will message any further entry or indication in February gold as the market confirms.
David Williams
Issued: 12/28/2014
February gold:
1. Recently, February gold recovered nicely which indicates a further advance and test/attempt at $1204 (or higher) into next week (week of Dec. 29).
2. New long entry will be messaged in upcoming sessions if the market continues to confirm.
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.