1. Since Friday, January 8 in our Williams edge live meeting it was noted that February gold was expected to decline to $1096 into Monday, January 11 and further test $1089/$88 into Tuesday, January 12.
2. Subsequently, February gold declined to $1096 on Monday, January 11 (session low, $1095.60) and continued that decline into today (Tuesday, January 12) completing the $1089/$88 downside target and lower (today’s session low, $1083.10, so far).
3. Continue daily closes above $1083/$82 are necessary in order to keep the longer-term uptrend viable. Will update as the market continues to confirm.