05/01/2018 – Gold
June gold:
1. In last Thursday’s (04/26) Williams that session it was noted that by June gold at $1322. It was also noted that if the market failed at $1322 (hourly or daily close below) a tradable reversal and decline to $1307/$05 would occur during the week of 04/30.
2. Subsequently, June gold failed at $1322 resulting in an approximate $400/contract loss. The reversal indication was taken on the daily close below $1322 which occurred at $1316 for the forecast decline to $1307/$05 which completed in today’s (05/01) session (today’s session low, $1302.30). 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.