08/14/2017 – Gold
December gold:
1. In Fridays (August 11) Williams edge live meeting it was noted that December gold was expected to close below $1297 on both Friday (August 11) and Monday (August 14) and that a likely decline and test of $1286 was expected. Therefore, December gold was in short selling territory.
2. Subsequently, December gold declined and today (Monday, August 14) completed the $1286 downside target (today’s session low, $1284.20, so far). This successfully completes the forecast/trade. As noted in Friday’s meeting, a daily close today above $1286 is the stronger position. 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.