08/25/2015 – Gold

Issued: 08/21/2015

December gold:

1. Our previous (Thursday, August 20) December gold update indicated that traders long December gold based on earlier reports should remain long for a continued advance and test/attempt at $1158/$60 then $1182/$83.

2. Subsequently, today’s (Friday, August 21) December gold advanced and completed the $1158/$60 upside profit target (today’s session high, $1167.90, so far). Any remaining long position should be held for the possibility of $1182/$83 noted in the previous update.

3. Our protective sell stop has been raised to $1135.00. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 08/14/2015

December gold:

1. In recent Williams edge meetings it was noted that December gold was expected to rally from any confirmed breakout above $1099 up to $1111/$12, then a test/attempt at $1147/$48 (or higher) into September, 2015.

2. This remains our outlook. Will message any new long entry based upon the above as December gold continues to confirm.

David Williams

Issued: 08/20/2015

December gold:

1. In recent Williams edge meetings (going back to Friday August 7) it was noted that December gold was expected to rally from any confirmed breakout above $1099 up to $1111/$12, then a test/attempt at $1147/$48 (or higher) into September, 2015.

2. Subsequently, December gold broke out above $1099 and quickly completed the $1111/$12 upside target (and higher).

3. December gold pulled back to $1111/$12, prompting our Monday August 17 indication that $1111/$12 was buying territory for a quick advance to $1119 (which subsequently occurred) and that any remaining long position should be held for the larger $1147/$48 upside target, with a protective stop below $1100.

4. Today (Thursday, August 20) December gold continued to advance and has made a session high of $1143.60, so far. This is further profit-taking territory, although higher prices remain expected.

5. Our protective sell stop has been raised to $1130. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 08/25/2015

December gold:

1. Our previous (Thursday, August 20) December gold update indicated that traders long December gold based on earlier reports should remain long for a continued advance and test/attempt at $1158/$60 (this target has completed) then $1182/$83.

2. Our protective sell stop at $1135.00 was hit today, resulting in a successful trade. Will message any further entry or indication in December gold.

David Williams

Issued: 08/20/2015

December gold:

1. For those remaining long December gold beyond the forecast $1148 upside target, the next important upside profit targets are $1158/$60, then $1182/$83. Will update.

David Williams