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03/15/2017 – Gold

  • Gold

April gold:

1. For the past 2 days in our Williams edge live meetings we noted that any hourly or especially daily close above $1207 would lead to a tradable advance to $1220/$21.

2. In response to today’s (Wednesday, March 15) fed interest rate announcement April gold quickly advanced and closed hourly above $1207 at $1212.50. This prompted new long entry based upon the above. Subsequently, April gold continued to advance and completed the majority of the forecast $1220/$21 upside target (today’s session high, $1219.70, so far). 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.