1. Our Tues., Sept. 2 report forecast further decline in Dec. gold and a test/attempt at $1249/$47.
2. In Monday’s (Sept. 8) Williams edge live meeting it was noted that traders could sell short Dec. gold (at the then current price of $1257) for the expected completion of $1249/$47.
3. Today’s Dec. gold completed the $1249/$47 downside target (today’s session low, $1248.10, so far).
4. As noted in the meeting, a small remaining position could be held for the possibility of a break of $1247 which could indicate substantially lower prices coming. Will message any further entry or indication for Dec. gold.