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07/26/2015 – Gold

  • Gold

Issued: 07/27/2015

August gold:

1. In our Friday, July 24 Williams edge meeting it was noted that August gold, while still in a compressed ongoing downtrend was expected to have a quick reversal and test of $1105/$07 into Monday, July 27 (+/-1 day).

2. This placed August gold into a ‘Buy’ position on Friday July 24, for new long entry during the live meeting (at/near $1085) or at $1096 based on the later day published report for the above-noted advance.

3. Today’s (Monday, July 27) August gold completed the majority of forecast advance, reaching a session high of $1104.40 against the $1105 minimum upside target noted in the original trade. This completes the trade. Will message any further entry or indication in August gold.

David Williams

Issued: 07/24/2015

Issued: 07/24/2015

August gold:

1. In today’s (Friday, July 24) Williams edge live meeting it was noted that August gold, while still in a compressed ongoing downtrend was expected to have a fast reversal and test of $1105/$07 into Monday, July 27 (+/-1 day).

2. August Gold has reversed and is currently trading at $1096. This places August gold into a ‘Buy’ position for the above-noted advance.

3. Once long, a protective sell stop should be placed at $1087. This stop will be moved higher as the market 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.