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09/01/2015 – Gold

  • Gold

Issued: 08/31/2015

December gold:

1. As noted in today’s (Monday, August 31) Williams edge live meeting December gold will likely be trading at $1151/$53 (or higher) next week, the week of September 8 (+1 week).

2. Therefore, any hourly or especially a daily close above $1137 will be the earliest indication for new long entry in December gold. Will message initial upside target, protective stops etc. once the market confirms as noted above.

David Williams

Issued: 09/01/2015

December gold:

1. As noted in Monday, August 31 Williams edge live meeting, December gold will likely be trading at $1151/$53 (or higher) next week, the week of September 8 (+1 week).

2. Traders were instructed to go long upon any hourly or especially a daily close above $1137. Those having done so (upon the hourly close above $1137 at $1138.10) should exit partial long positions at current prices (current price $1145.50).

3. A protective sell stop should be placed at $1136. This stop will be moved higher as the market continues to confirm.

David Williams

Issued: 09/02/2015

December gold:

1. As noted in Monday, August 31 Williams edge live meeting, December gold will likely be trading at $1151/$53 (or higher) next week, the week of September 8 (+1 week).

2. Traders were instructed to go long upon any hourly or especially a daily close above $1137. Those having done so (upon the hourly close above $1137 at $1138.10) exited partial long positions at $1145.50.

3. Today (Wednesday, September 2) our protective sell stop was triggered at $1136. This resulted in a small gain on the overall 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.