Issued: 08/31/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). The bottom occurred on Wednesday, August 26 at $1116.90.
2. Aggressive were instructed to go long December gold at approximately $1130 in Friday’s, August 27 session. The initial long position exit target was at/near $1139. Subsequently, December gold advanced to $1139.00, prompting partial exit (recent session high, $1140.10, so far).
3. However today, Monday, August 31 our protective sell stop at $1128 was hit, resulting in a successful trade, overall. Will message any further entry or indication in December gold.
David Williams
Issued: 08/26/2015
December gold:
1. The next important daily market bottom for December gold is Thursday, August 27 (+/-1 day).
2. How December gold handles any test of $1117/$13 is important and may prompt new long entry. Will update as the market continues to confirm.
David Williams
Issued: 08/28/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). the bottom occurred on Wednesday, August 26 at $1116.90 (just $.10 below Thursday’s August 27 low of $1117).
2. Aggressive can go long December gold at current prices (current price, $1129.80). Partial long position exit should be taken at/near $1139. Further long position exits will be messaged the market continues to confirm.
3. A protective sell stop should be placed below $1113. The stop will be moved higher as the market continues to confirm.
David Williams
Issued: 08/28/2015
December gold:
1. Our previous December gold report indicated that the next important daily market bottom for December gold was Thursday, August 27 (+/-1 day). The bottom occurred on Wednesday, August 26 at $1116.90.
2. Aggressive were instructed to go long December gold at approximately $1130 in today’s (Friday, August 27) session. The initial long position exit target was at/near $1139. Subsequently, today’s December gold session advanced to $1139.00 prompting partial exit (today’s session high, $1140.10, so far).
3. Our protective sell stop has been raised to $1128. This stop will be moved higher as the market continues to confirm.
David Williams