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