07/07/2015 – Gold
Issued: 07/07/2015
August gold:
1. Continued hourly or especially a daily close below $1154 in August gold will indicate a tradable initial downside target at $1145. Substantially lower prices remain possible.
2. Aggressive can short August gold at current prices (current price $1153.00) with the understanding that a daily close above one $1155 negates the trade.
3. Partial short position exit should be taken at/near $1146/$45 and hold any remainder held for the possibility of lower prices. Will update.
David Williams
Issued: 07/07/2015
August gold:
1. Our earlier report indicated aggressive short entry in August gold at $1153.00 for a quick decline to $1146/$45.
2. August gold completed the $1146/$45 downside target with today’s session low at $1146.80. Partial exits were taken in this area.
3. Gold is now trading again at $1154. Any remaining position should be exited until further 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.