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03/16/2015 – Gold

  • Gold

Issued: 03/16/2015

April gold:

1. In Fri., Mar. 13 Williams edge live meeting it was noted that April gold, then trading at approx. $1151.50 was an immediate ‘buy’ for aggressive traders for higher prices including a possible test/attempt at $1170 or higher into next week (week of March 16).

2. Friday’s session advanced shortly thereafter, closing the session at $1158.40. $1158.00 was indicated as partial profit-taking territory for the above-noted long position. April gold advanced further into today (Mon., March 16) mmaking a swing high of $1163.30. Open profit gain was at approximately $1200 per contract at that point.

3. However, today’s April gold session declined sharply and triggered our protective sell stop at $1151.50. This resulted in a successful trade. Will message any further entry or indication in April gold.

David Williams

Issued: 03/13/2015

April gold:

1. In today’s (Fri., Mar. 13) Williams edge live meeting it was noted that April gold, then trading at approx. $1151.50 was an immediate ‘buy’ for aggressive traders for higher prices including a possible test/attempt at $1170 or higher into next week (week of March 16).

2. Today’s session advanced shortly thereafter, closing the session at $1158.40. $1158.00 is partial profit-taking territory for the above-noted long position.

3. A protective sell stop should now be placed at $1151.50. This stop will continue to be moved higher as the market continues to confirm the forecast. Will update.

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.