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