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