05/19/2015 – Gold
Issued: 05/18/2015
June gold:
1. Watch for any test of $1217/$15 in June gold into mid week which will be an important juncture and may prompt new entry. Keep this in mind. Will update as the market confirms.
David Williams
Issued: 05/19/2015
June gold:
1. Our previous (Mon., May 18) June gold report indicated to watch for any test of $1217/$15 in June gold into mid week (Wednesday, May 20 (+/-1 day), coming down from Monday’s May 18 close of $1225.30.
2. Today’s (Tues., May 19) June gold session declined sharply and completed the $1217/$15 downside target (and lower) completing the forecast. How the market handles these levels (and somewhat lower remain important and may prompt new long entry. No new entry is being indicated at this point. Will update as the market confirms.
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.