Issued: 09/16/2014
Dec. gold:
1. Continued daily closes below $1241 in Dec. gold are the weaker position and indicate further decline to $1223/$22 (or lower) late this week (week of Sept. 15)
2. Will message any new entry based upon the above in tomorrow’s (Wed., Sept. 17) session.
David Williams
Issued: 09/17/2014
Dec. gold:
1. Our previous (Tues. Sept. 16) Dec. gold report indicated that any continued failure at $1241 would indicate further decline and test/attempt at $1223/$22 (or lower) into late this week (week of Sept. 15).
2. Today’s Dec. gold repeatedly tested and failed at the critical $1241 level, closing hourly (and larger time frames) below that level.
3. Traders who shorted based upon the above exited the majority of their positions at/near the forecast $1223/$22 downside target. Lower prices remain possible. Will message any further entry as the market confirms.
David Williams