01/22/2017 – Gold

  • Gold

February gold:

1. On Thursday, January 19 it was noted that a daily close above $1197 in February gold would indicate a tradable advance back up to $1216 into Tuesday, January 24 (+/-1 day).

2. Subsequently, February gold closed Thursday, January 9 at $1204 (above $1197) and today (Monday, January 23) completed the $1216 upside profit target (today’s session high, $1219.40, 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.