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
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.