05/14/2015 – Gold

Issued: 05/13/2015

June gold:

1. In both Fri., May 8 and Mon. May 11 Williams edge live meeting it was noted that June gold was entering an important volatility cycle and that any hourly or daily above $1192/$93 it would indicate a ‘Buy’ position for a tradable advance to $1204/$05 and then $1212/$15.

2. Yesterday’s (Tues., May 12) daily close was $1192.50, neutral to $1192/$93, so no new entry was indicated. However, today’s (Wed., May 13) session closed hourly above $1192/$93, indicating new long entry as noted above. It is understood that not everyone could’ve taken advantage of this entry.

3. June gold then advanced quickly today to the initial $1204/$05 upside target (today’s session high, $1206.90, so far) where initial long position exits were originally indicated. Higher prices remain likely, including a test/attempt at $1212/$15 as noted above.

4. A protective sell stop should be placed at $1194. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/13/2015

June gold:

1. Today’s (Wednesday, May 13) June gold completed the forecast advance from hourly or daily close above $1192/$93 to $1204/$05, then $1212/$15 upside target’s noted in both Friday’s May 8 and Monday’s May 11 Williams edge live meetings (today session high has been $1214.60, so far).

2. Aggressive can continue to hold for the possibility of higher prices, including a test/attempt at $1227/$30.

3. A protective sell stop should be placed at $1205. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/14/2015

June gold:

1. Today’s (Thurs., May 14) June gold continued on the recent forecast advance, reaching a session high of $1221.90, so far. Aggressive continue to hold for the possibility of higher prices noted in our previous update, including a test/attempt at $1227/$30.

2. Our protective sell stop should be placed at $1211. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 05/14/2015

June gold:

1. Today’s (Thurs., May 14) June gold continued on the recent advance and completed the forecast advance from approximately $1196 to $1227/$30 final aggressive profit target. This completes the trade. Will message any further entry or indication in June gold.

David Williams