04/27/2016 – Gold
June gold:
1. In the past several days it has been noted that any daily close above $1246/$47 in June gold would advance to $1262/$63 into the week of May 2.
2. Yesterday’s (Wednesday, April 27) session closed at $1247.30, not good enough to confirm the above indication. However, today’s (Thursday, April 28) session, after first declining to $1239.10 quickly advanced above $1246/$47 and completed the $1262/$63 forecast target (today’s session high, $1262.90, so far). Although nearly impossible to trade effectively, this successfully completes the forecast. 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.