05/06/2015 – Gold

Issued: 05/04/2015

June gold:

1. June gold is expected to continue to advance and test $1197/$99 (or higher) into Tues., May 5 (+/-1 day).

2. Aggressive can go long at current prices (current price $1190.50).

3. An alternate long entry is to place a buy limit at $1186/$1184 with the understanding that this order might not be filled prior to the $1197/$98 upside target being completed.

4. Once long a protective stop should be placed $1179. The stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/04/2015

June gold:

1. As noted in our previous report June gold is expected to continue to advance and test $1197/$99 (or higher) into Tues., May 5 (+/-1 day).

2. While aggressive went long at the market based on our earlier report, an alternate long entry was to place a buy limit at $1186/$1184.

3. Subsequently June gold declined into the above-noted buying territory with today’s session low of $1186.20 before reversing higher.

4. For those newly long based upon the $1186/$84 buying territory a protective stop should be placed $1179. This stop will be moved higher as the market continues to confirm. Will update.

David Williamsokay

Issued: 05/05/2015

June gold:

1. As noted in our previous (Mon., May 4) report, June gold was expected to continue to advance from both our Mon., May 4 aggressive long entry at $1190.50 or our ordinary long entry from at/near $1186/$84. A fast advance and test of $1197/$99 (or higher) was expected into today, Tues., May 5 (+/-1 day).

2. Today’s (Tues., May 5) June gold give a second long entry opportunity at the $1186/$84 ordinary buying territory (today’s session low, $1184.90) before reversing upward and completing the forecast $1197/$99 profit target (today’s session high, $1197.90, so far). Your initial long position was exited today at/near $1197/$99.

3. Your remaining long position in June gold should now be held for the possibility of yet higher prices, including $1203/$04, then $1213/$14.

4. Our protective sell stop should now be placed $1184. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/07/2015

June gold:

1. As noted in our previous (Mon., May 4) report, June gold was expected to advance from our Mon., May 4 aggressive long entry at $1190.50 or our ordinary long entry from at/near $1186/$84 to $1197/$99 (or higher) into Tues., May 5 (+/-1 day).

2. On Tues., May 5 June gold completed the forecast $1197/$99 profit target (Tuesday’s session high, $1199.30).

3. While the official trade from $1186/$84 to $1197/$99 completed, a possibility for higher prices, including $1203/$04, then $1213/$14 existed. Those holding any remaining long positions were stopped out today (Thurs., May 7) at our $1184 protective sell stop. This resulted in a successful trade. Will message any further entry or indication in June gold.

David Williams