Issued: 04/07/2014
June gold, previous update:
1. We are now trading in June gold.
2. Continued hourly and daily closes above $1288 in June gold indicate continued advance and test/attempt at $1312 (or higher) into early next week.
3. From this point forward, any touch and hourly or especially daily close above $1291 in June gold makes $1291 (or higher) buying territory for the above-noted advance. Aggressive can enter at higher prices.
4. Initial long position exit should be taken at/near $1299. A further portion exited at/near $1309 (against the $1312 target), and the remainder held for the possibility of higher prices to be noted in a subsequent update.
5. Once long, and initial protective stop should be placed at $1284. This stop will be moved up as the market continues to confirm.
Latest update:
1. June gold advanced quickly after both hourly and daily close above $1288 and $1291 buying territory noted in the previous update.
2. Partial long position exits were taken at $1299 or higher as instructed (recent swing high, $1307.50).
3. Higher prices remain indicated including a test/attempt at $1312 (or higher) into Tuesday, April 8 (+/-1 day).
4. Protective sell stop should be raised to $1290.00. This stop will continue to be moved higher as the market continues to confirm.
David Williams
Issued: 04/08/2014
June gold, previous update:
1. June gold advanced quickly after both hourly and daily close above $1288 and $1291 buying territory noted in the previous update.
2. Partial long position exits were taken at $1299 or higher as instructed (recent swing high, $1307.50).
3. Higher prices remain indicated including a test/attempt at $1312 (or higher) into Tuesday, April 8 (+/-1 day).
4. Protective sell stop should be raised to $1290.00. This stop will continue to be moved higher as the market continues to confirm.
Latest update:
1. Today’s June gold continued on the recent advance from $1288 and completed the forecast $1312 upside target expected into today, Tuesday, April 8 (+/-1 day). Today’s session high has been $1314 .70, so far.
2. Final long position exits were taken at $1309 (or higher), noted in the original update. This completes the trade.
David Williams