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04/07/2015 – Gold

  • Gold

Issued: 04/06/2015

May gold:

1. In Thurs. (April 2) Williams edge live meeting it was noted that May gold (then trading at approximately $1201) was expected to trade at $1218 (or higher) this week (week of April 6). A daily close above $1201 would further confirm this outlook for aggressive traders.

2. Thursday’s session closed above $1201 (at $1202.30) and today’s (Mon., April 6) session advance powerfully and completed the $1218 upside target (and higher). Today’s session high, $1223.10, so far.

3. Partial long position exits should have been taken at/near the main $1218 upside target. Higher prices remain likely and will be messaged in a subsequent update along with a possible new long entry as well.

4. A protective sell stop should be placed at $1210.00. The stop will be moved higher as the market continues to confirm.

David Williams

Issued: 04/07/2015

May gold:

1. May gold declined and triggered our $1210 protective sell stop, resulting in a successful trade. Will message any further entry or indication in May 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.