05/11/2014 – Gold

Issued: 05/11/2014

June gold:

1. June gold continues to test and react off the $1284 closing support noted in recent gold updates.

2. Any further test/attempt and daily close above $1284 in Monday’s (May 12) or Tuesday’s (May 13) session is important and may prompt new entry. Will message any such entry as the market confirms.

David Williams

Issued: 05/12/2014

June gold:

1. Today’s (Monday, May 12) June gold session successfully tested the critical $1284 level noted in the previous update as likely to occur today (today’s session low, $1277.70, so far).

2. Today’s session reversed powerfully off the $1284 potential buying territory and has already completed the initial intended upside target at $1303 (today’s session high, $1304.50, so far). A more important advance is likely in the making. Will update.

David Williams