01/08/2017 – Gold
February gold:
1. In last Fridays (January 6) Williams edge live meeting (and subsequent Pro room) it was indicated that $1171 was likely buying territory for an advance to $1180/$81 expected into this week (week of January 9).
2. Subsequently, February gold firmed up on $1171 (swing low, $1171.10) and today (Monday, January 9) completed the $1180/$81 upside target (today’s session high, $1182.40, so far). This successfully completes the forecast/trade. Will message any further entry or indication in February 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.