04/18/2017 – Gold
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
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.