01/27/2016 – Gold

Issued: 01/21/2016

February gold:

1. As noted in our recent Wednesday, January 20 Williams edge live meeting, any daily close above $1104 in February gold will be the earliest indication for substantially higher prices.

2. Continued failure at $1104 is short-term bearish and will indicate a test/attempt at $1094 (or lower) into Monday, January 25 (+/-1 day). $1087/$86 is also possible during this timeframe under the above-noted conditions.

3. How February gold handles itself over the next several days with regard to the above is very important and may prompt new entry. Will update.

David Williams

Issued: 01/27/2016

1. Today’s (Wednesday, January 27) April gold session continued on the recent forecast advance and made a session high of $1128.70 which completes the secondary forecast $1123/$25 upside target.

2. Our protective sell stop should be moved to $1112. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 01/28/2016

April gold:

1. In today’s (Thursday, January 28) April gold session the market hit our recently adjusted protective sell stop at $1112, resulting in a profit on the entire position (long from approximately $1106/$07, partial exit at/near $1116/$18, further exit at/near $1123/$25). Higher prices remain possible. Will message any further entry or indication in April gold.

David Williams

Issued: 01/26/2016

April gold:

1. As noted in our recent Wednesday, January 20 (and later) Williams edge live meetings, any daily close above $1104 in February/April gold would indicate new long entry for substantially higher prices, including a test/attempt at $1116/$18.

2. Subsequently, April gold began closing hourly above $1104 (for aggressive long entry) and yesterday (Monday, January 25) closed daily above $1104 for ordinary new long entry.

3. Today (Tuesday, January 26) April gold quickly advanced and completed the $1116/$18 upside target, completing the forecast/trade (today’s session high, $1118.30, so far).

4. Any remaining long positions can be hold for the possibility of further advance and test/attempt at $1123/$25 and then $1134/$35 into the week of February 1 (+1 week).

5. A protective sell stop should be placed below $1103. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 01/26/2016

April gold:

1. Today (Tuesday, January 26) April gold quickly advanced and completed the $1116/$18 initial upside target.

2. Today’s April Gold continued higher and completed the $1123/$25 upside profit target (today’s session high, $1123.60, so far). As noted in our previous report, any remaining long positions can be held for the possibility of further advance and test/attempt at $1134/$35 into the week of February 1 (+1 week).

3. Our protective sell stop should be moved to $1106. This stop will be moved higher as the market continues to confirm.

David Williams

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