June gold:
1. In Mondays (April 17) Williams edge live meeting it was noted that a daily close below $1294 in June gold would likely decline to $1280 which would be buying territory for an advance back to $1290/$91.
2. Subsequently, June gold closed daily below $1294 ($1291.90) and today (Tuesday, April 18) completed the $1280 downside target (pit session low, $1280.60) and reversed higher to complete the $1290/$91 upside target. The advance back to $1290/$91 occurred quicker than originally expected as the main target was into Thursday, April 20 (+/-1 day). This successfully completes the forecast/trade. Will message any further entry or indication in June gold.
David Williams