06/14/2017 – Gold
- June 14, 2017
- Gold
August gold:
1. In yesterday’s (Tuesday, June 13) Williams edge live meeting it was noted that Tuesday, June 14 was the next important ‘on time’ daily bottom in August gold and that continued hourly and especially a daily close above $1258/$61 would indicate new long entry for advance to $1272 initial upside target.
2. Subsequently, August gold closed each hour above $1258/$61 and very quickly advanced to complete the $1272 initial upside target. Higher prices remain likely as noted in yesterday’s meeting. 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.