08/10/2017 – Gold
December gold:
1. In yesterday’s (Wednesday, August 9) Williams edge live meeting it was noted that any hourly or especially daily close above $1280 in December gold would prompt new long entry for an initial long position exit at $1288. Higher prices are also expected into August 17 (+/-1 day).
2. Subsequently, December gold closed hourly above $1280 (at $1282.30) and today (Thursday, August 10) completed the $1288 initial upside target (today’s session high, $1291.80, so far). Will message any further entry or exit 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.