Follow us on
Facebook Twitter

08/10/2015 – Gold

  • Gold

Issued: 08/10/2015

December gold:

1. Starting Wednesday, August 5 in our Williams edge live meeting we noted that August gold was expected to test/attempt $1111/$12 into Monday, August 10 (+/-1 day). An additional confirmation consisting of hourly or especially a daily close above $1099 for new long entry was also noted in the meeting.

2. Today’s (Monday, August 10) December gold closed hourly above $1099 triggering new long entry. Partial long position exit was indicated at/near $1107, noted in today’s meeting.

3. A protective sell stop should be placed now at $1097.90. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 08/11/2015

December gold:

1. Starting Wednesday, August 5 in our Williams edge live meeting we noted that August gold was expected to test/attempt $1111/$12 into Monday, August 10 (+/-1 day). An additional confirmation consisting of hourly or especially a daily close above $1099 for new long entry was also noted in the meeting.

2. Monday, August 10 December gold closed hourly above $1099 triggering new long entry. Partial long position exit was indicated at/near $1107.

3. However, our protective sell stop at $1097.90 was hit in today’s (Tuesday, August 11) December gold session, resulting in a small loss on the entire position. Subsequently, December gold advanced and completed the forecast $1112 upside target (and higher), completing the intended trade. Will message any further entry or indication in December 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.