08/30/2016 – 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