06/23/2015 – Gold

  • Gold

Issued: 06/23/2015

August gold:

1. Our previous report indicated that a daily close below $1180 in August gold was the weaker position and would indicate sharply lower prices.

2. Today’s session continues to trade below $1180 which is the earliest indication for a continued decline to $1173 then at/near $1168/$67. How August gold handles any test/attempt of $1168/$67 based on the above is important and may prompt new long entry.

3. Aggressive can short August gold based upon the above with a protective buy stop at $1186. Will update.

David Williams

Issued: 06/24/2015

August gold:

1. Our previous report indicated that aggressive traders should short August gold at $1178/$77 for a continued decline to $1173 (initial profit target), then $1168 final profit target.

2. Subsequently, August gold declined sharply and today completed both $1173 and the final $1168 downside target (today’s session low, $1168.10, so far). This successfully completes the forecast/trade. Will message any further entry or indication in August gold.

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.