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
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.