1. On Wednesday, May 27 in our Williams edge live meeting it was noted that August gold was expected to break to new recent lows below $1184 as early as Thurs., May 28 and then close back above $1184 after having done so.
2. On Thurs., May 28 August gold broke to new recent lows at $1180.20 and later closed the session at $1188.30, well above the $1184 level. This completes the confirmation that prompted our most recent August gold report which will be updated later in today’s session, as well.