01/11/2016 – Gold

February gold:

1. In Friday’s (January 8) Williams edge live meeting it was noted that February gold was in a corrective downside reaction which was expected to test $1096 into Monday, January 11.

2. Subsequently, February gold declined and completed the $1096 downside target today Monday, January 11 (session low, $1095.90, so far). As noted in the meeting a further decline remains possible for a test/attempt at $1090/$88 as well. Will update as the market continues to confirm.

David Williams