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04/05/2016 – Gold

  • April 5, 2016
  • Gold

Issued: 04/05/2016

June gold:

1. In yesterday’s (Monday, April 4) Williams edge meeting it was noted that although a retest of $1212 remained possible into Tuesday, April 5 (+/-1 day), a fast advance to $1242 (or higher) would be indicated into today (Tuesday, April 5) upon any hourly (or daily) close above $1229.

2. Today (Tuesday, April 5) June gold closed above $1229 and quickly advanced to a swing high of $1238.80 (so far). Partial long position exits should have been taken during the advance and any remaining long position held for the possibility of completion of the $1242 upside target.

3. A protective sell stop should be placed at $1225. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 04/06/2016

June gold:

1. In Mondays, April 4 Williams edge meeting it was noted that although a retest of $1212 remained possible into Tuesday, April 5 (+/-1 day), a fast advance to $1242 (or higher) would be indicated into today (Tuesday, April 5) upon any hourly (or daily) close above $1229.

2. Tuesdays, April 5 June gold session closed above $1229 and quickly advanced to a swing high of $1238.80. Partial long position exits were likely taken during the advance and any remaining long position held for the possibility of completion of the $1242 upside target.

3. However, June gold remained unable to complete $1242 and today (Wednesday, April 6) declined and hit our $1225 protective stop, resulting in an approximate breakeven or small loss on the entire position. Will message any further entry or indication in June 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.

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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.
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