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02/05/2015 – Gold

  • Gold

Issued: 02/03/2015

April gold:

1. Any hourly or especially a daily close below $1258 in April gold places the market into a ‘Sell’ position for a further decline and test of $1244/$41 (or lower) later this week (week of Feb. 2).

2. Further trade details will be messaged if the market confirms as noted above.

David Williams

Issued: 02/06/2015

April gold:

1. Our recent Tues., Feb. 3 report indicated that any hourly or especially a daily close below $1258 in April gold places gold in a ‘Sell’ position for a further decline and test of $1244/$41 (or lower) later this week (week of Feb. 2).

2. Today (Fri., Feb. 6) April gold broke below the $1258 level and declined sharply to the forecast $1241 downside target (today’s session low, $1237.30, so far). The decline happened very quickly. This completes the intended trade. Will message any further entry or indication in April 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.