03/01/2016 – Gold

April gold:

1. In yesterday’s (Monday, February 29) Williams edge live meeting it was noted that April gold (then trading at approximately $1233) was expected to advance to $1247/$48 into today, March 1. The session was also expected to close below $1238 which itself would indicate a short position for a further decline to $1220/$18.

2. Subsequently, April gold advanced higher and today (Tuesday, March 1) completed the $1247/$48 upside target, successfully completing the forecast/trade (today’s session high, $1249.30, so far). Lower prices remain indicated as noted above. Will update.

David Williams