05/28/2014 – Gold
- May 28, 2014
- Gold
Issued: 05/27/2014
June gold:
1. Today’s June gold declined sharply after several weeks of directionless movement.
2. While not an outright forecast, it is likely lower prices are coming, including a test/attempt at $1252/$51 (or lower). Today’s daily close was $1263.40.
3. Will message any further entry based upon the above as the market confirms.
David Williams
Issued: 05/29/2014
June gold:
1. Our recent Tuesday, May 27 report indicated that gold, (then trading at $1263) would likely decline and test $1252/$51 (or lower) this week.
2. June gold continued to decline on Wed. (May 28) and today (Thursday, May 29) completed the $1252/$51 downside target (today’s session low, $1250.90, so far).
3. This is an important downside completion. A weekly close above $1251/$52 is the stronger position and will likely prompt further update/trade.
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.