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06/16/2015 – Gold

  • Gold

Issued: 06/15/2015

August gold:

1. As noted in today’s (Mon., June 15) Williams edge live meeting any hourly or especially daily close above $1190 in August gold will place the market into a ‘Buy’ position for further advance to higher prices, including a test/attempt at $1228/$30 into July (+1 month). Today’s session closed at $1185.70. Will update as the August gold continues to confirm with price targets, protective stops etc.

David Williams

Issued: 06/16/2015

August gold:

1. August gold remains below the critical $1190 closing level noted in yesterday’s (Mon., June 15) report.

2. Barring a reversal and breakout above $1190, a test/attempt at $1175/$73 remains likely into Wednesday, June 17. How the market handles that test may prompt new long entry. Will update as the market confirms.

David Williams

Issued: 06/16/2015

August gold:

1. In today’s (Tues., June 16) 6:11 PST report it was noted that August gold, then trading at approximately $1180 was expected to decline and test $1175/$73 into tomorrow, Wednesday, June 17.

2. Subsequently, August gold declined quickly and completed the $1175/$73 downside target (today’s session low, $1175.40, so far).

3. In yesterday’s live meeting it was noted that $1184/$81 was potential buying territory for aggressive traders if the market closed below $1190. Yesterday’s session closed below $1190 and today’s session declined to the noted $1181 level and reversed upward for several hours. However, the market broke $1180 prompting today’s update for a further decline to $1175/$73. 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.