06/17/2014 – Gold

Issued: 06/10/2014

Aug. gold:

1. Our previous Thursday, June 5 Aug. gold update indicated the importance of any daily close above $1259 indicating a fast advance and test/attempt at $1279/$80 (or higher) into later this week (week of June 9).

2. Today’s Aug. gold has advanced and made a session high of $1263.80 (so far).

3. Prior to today’s daily close, new long entry is indicated at $1267.50, if touched.

4. Once long, an initial protective sell stop should be placed at $1258. This stop will be moved higher as the market continues to confirm. Upside price targets etc. will be messaged in a subsequent update if the above price action is confirmed.

David Williams

Issued: 06/05/2014

Aug. gold:

1. Today’s Aug. gold session (Thursday, June 5) completed the previous forecast advance from $1241/$40 to $1255 and closed the session below the $1255 target (daily close, $1253.20).

2. From this point forward, any daily close above $1259 in Aug. gold will be the earliest indication for a fast advance and test/attempt at $1279/$80 (or higher) into mid next week (week of June 10).

3. No new long entry is indicated as yet, and it is possible no new long entry will occur based upon the above conditions. Will update with specific entry details as the market continues to confirm.

David Williams

Issued: 06/10/2014

Aug. gold:

1. Today’s Aug. gold session closed at $1260, just $1 above the $1259 level noted in the previous update.

2. This is considered a neutral close, so no new long entry indicated as yet.

3. Our earlier noted $1267.50 long entry (and other price targets etc.) remains active into tomorrow’s (Wed. June 11) session. Will update.

David Williams

Issued: 06/16/2014

Aug. gold:

1. Today’s Aug. gold continues higher and completed our June 10 forecast advance from $1267.50 to $1279/$80 (today’s session high, $1285.10, so far).

2. Aggressive can continue to hold for higher prices this week, as noted in the last week’s updates. Substantially higher prices remain possible, although not forecast, including $1308/$09.

3. Our protective sell stop remains a $1267.00. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 06/12/2014

Aug. gold:

1. Today’s (Thursday, June 12) Aug. gold triggered our $1267.50 long entry noted in previous updates.

2. Exit an initial portion of your long position at current prices (current price, $1273.00).

3. Our protective sell stop remains at $1258. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 06/17/2014

Aug. gold:

1. Today’s (Tuesday, June 17) Aug. gold session declined and hit our $1267.00 protective sell stop. Today’s decline exits any remaining aggressive longs after the successful completion of the original forecast advance from $1267.50 to $1279/$80. Will update.

David Williams

Issued: 06/12/2014

Aug. gold:

1. Today’s (Thursday, June 12) Aug. gold completed much of the ‘wildcard’ trade set up noted in recent Williams edge live meetings.

2. Higher prices remain indicated (as noted in the original forecast) including a test/attempt at $1279/$80 (or higher).

3. Our protective sell stop has been raised to $1264. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 06/13/2014

Aug. gold:

1. Aug. gold continues to attempt completion of the forecast advance from $1267.50 to $1279/$80 final target (today’s session high, $1278.10, so far). Traders should consider making final long position exit at/near current prices.

2. Aggressive can hold the remaining 1/3 long position for the possibility of higher prices into next week.

3. Our protective sell stop has been raised to $1267.00. This stop will continue to be moved higher as the market continues to confirm.

David Williams