08/30/2016 – Gold

  • Gold

December gold:

1. Since the week of August 8 (and later) it was indicated that the week of August 8 would either mark an important low at $1308 (or lower) or begin a move to $1308.

2. The $1308 downside target was an adjusted target (higher) off our original $1300 downside target. Non-aggressive traders were instructed to wait for hourly or daily closes below $1341 before going short in December gold.

3. Subsequently, December gold declined and today Wednesday August 31 completed the $1308 downside target. This successfully completes the forecast/trade. 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.