04/16/2015 – Gold

Issued: 04/14/2015

June gold:

1. The next important daily Reflected Wave bottom in June gold is Wednesday, April 15 (+/-1 day). A tradable multi-day advance is expected off this bottom

2. Continued daily closes above $1185/$83 during the above-noted timeframe will place June gold into a ‘Buy’ position for multi-day advance and test/attempt at $1212 (or higher) into late this week, early next (week of April 20).

3. Initial long position exit should be taken at/near $1198, further exit at/near $1212 and any remaining long position held for the possibility of higher prices to be messaged in a subsequent update.

4. Once long, a protective sell stop stop should be placed below $1182. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 04/15/2015

June gold:

1. Our protective sell stop in June Gold should be raised now to $1193.90. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 04/16/2015

June gold:

1. We remain long June gold from $1194 or lower based upon the forecast Wednesday, April 15 (+/- 1 day) Reflected Wave daily bottom.

2. Our protective sell stop should now be raised to $1198.50. This stop will continue to be moved higher as the market continues to confirm.

3. Today’s session high has been $1208.80 (so far) against the $1212 upside target noted in our previous reports. Will update.

David Williams

Issued: 04/16/2015

June gold:

1. Today’s June gold session attempted completion of the forecast advance from $1194 to at/near $1212 noted in the previous reports. Today’s session high was $1208.80, slightly below the forecast target. It is hoped that further long position exits occurred at or near that level.

2. The market reversed sharply downward after the test/attempt at $1212 and triggered our $1198.50 protective sell stop. This resulted in a successful trade.

3. The inability for June gold to fully complete the forecast final upside target at/near $1212 is an important development that may indicate temporary weakness in June gold. However, a further long entry remains possible if the market confirms. Will update.

David Williams