Issued: 04/13/2015
June gold:
1. As noted in today’s (Mon., April 13) Williams edge live meeting, barring any hourly or daily close above $1206, June gold is expected to further decline and test $1193/$92 into Wed., April 15 (+/-1 day).
2. Our preference is to wait until tomorrow’s (Tues., April 14) session for any possible new entry for the above-noted decline. Any such entry will be messaged in a report issued tomorrow.
3. Of further importance, any such decline would set a Reflected Wave daily bottom into motion which would set up the next important longer-term buy signal in June gold. Will update as the market continues to confirm.
David Williams
Issued: 04/14/2015
June gold:
1. In yesterday’s (Mon., April 13) Williams edge live meeting and subsequent report, it was noted that barring any hourly or daily close above $1206, June gold was expected to further decline and test $1193/$92 into Wed., April 15 (+/-1 day).
2. Today’s June gold session declined sharply and completed the $1193/$92 downside target (and lower), completing the forecast.
3. Of further importance, today’s decline sets a Reflected Wave daily bottom into motion for Wednesday, April 15 (+/-1 day). This is an important daily bottom which may prompt new long entry for a test/attempt at $1212 later this week, also noted in yesterday’s Williams edge live meeting. Will update.
David Williams