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07/17/2014 – Gold

  • Gold

Issued: 07/14/2014

Aug. gold:

1. The next important daily market bottom for Aug. gold is Tuesday, July 15 (+/-1 day).

2. A tradable multi-day at advance is expected off this bottom. Will message any new entry based upon this as the market confirms.

David Williams

Issued: 07/16/2014

Aug. gold:

1. Our previous report (Mon., July 14) indicated a daily bottom in Aug. gold due on Tuesday July 15 (+/-1 day). This bottom likely occurred one trading day early on Monday, July 14.

2. A daily close today (Wed., July 16) above $1302 in Aug. gold will be the earliest indication for a tradable multi-day advance and test/attempt at $1316/$17 (or higher) into late this week/early next week (week of July 21).

3. Will message any new entry based upon the above as the market continues to confirm.

David Williams

Issued: 07/17/2014

Aug. gold:

1. In yesterday’s (Wed., July 16) report and Williams edge live meeting it was noted that a daily close above $1302 in Aug. gold would indicate a wildcard advance to $1316/$17 into today, Thursday, July 17.

2. Yesterday (Wed. July 16) session closed below $1302, so no new entry at that point. However, today’s Aug. gold session closed hourly above $1302 which triggered the wildcard advance to $1316/$17 (today’s session high, $1325.90, so far).

3. Self-directed traders based upon the above exited a portion of their long position at/near $1316/$17. Higher prices remain possible, especially with a daily close today (Thursday, July 17) above $1316.

4. A protective sell stop at $1306 is suggested and will be moved higher as the market continues to confirm.

David Williams

Issued: 07/17/2014

Aug. gold:

1. Our protective stop has been raised to $110 in Aug. gold. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 07/18/2014

Aug. gold:

1. Today’s Aug. gold declined off yesterday’s $1325.90 session high and triggered our recently adjusted $1310 protective sell stop (today’s session low, $1307.90, so far). This resulted in a successful trade. Will message any further entry or indication.

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.