03/08/2016 – Gold
April gold:
1. In yesterday’s (Tuesday, March 8) Williams edge futures meeting it was noted that April gold was expected to decline and test $1245 into Wednesday, March 9. However, it was noted that any hourly or daily close below $1263 was necessary to further confirm the decline.
2. Subsequently, April gold closed hourly (daily) below $1263 and today (Wednesday, March 9) completed the forecast $1245 downside profit target (today’s session low, $1243.60, so far). This successfully completes the forecast/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.