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07/11/2016 – Gold

  • Gold

Issued: 07/11/2016

1. In Thursday’s, July 7 Williams edge live meeting it was noted that, worst-case, August gold would first decline to $1338 (or slightly lower) which would be buying territory for an advance back up to $1378, then $1395, or higher into the week of June 11 (next week).

2. Friday’s, June 8 gold declined sharply and completed the $1338 downside target/buying territory and quickly advanced to $1371.80, completing both the $1338 downside target and the majority of the $1378 initial upside target, expected into next week.

3. Today (Monday, July 11) August gold continued the advance and completed the majority of the $1378 upside target (today’s session high, $1376.50, so far). This successfully completes the 2 step forecast/trade. Will update with regard to the further $1395 upside target in today’s live meeting.

David Williams

Issued: 07/08/2016

August gold:

1. In yesterday’s (Thursday, July 7) Williams edge live meeting it was noted that, worst-case, August gold would decline to $1338 (or slightly lower) which would be buying territory for an advance back up to $1378, then $1395, or higher into the week of June 11 (next week).

2. Today, Friday, June 8 gold declined sharply and completed the $1338 downside target/buying territory and quickly advanced to $1371.80, completing both the $1338 downside target and the majority of the $1378 initial upside target, expected into next week. Will update as August gold continues to confirm.

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.