04/24/2017 – Gold
- April 24, 2017
- Gold
June gold:
1. In Fridays (April 21) Williams edge live meeting it was noted that while June gold was presently in a strong position, any break of $1278 would indicate a quick decline to $1271/$70 (or lower) into early this week (week of April 24).
2. Subsequently, June gold broke the critical $1278 level today (Monday, April 24) and then completed the forecast decline to $1271/$70 (today’s session low, $1266.00, so far). 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.