09/24/2015 – Gold
December gold:
1. Beginning on Thursday, September 17 in our Williams edge live meetings it was noted that December gold was expected to top on Friday, September 18 with no daily close above $1139, then decline into September 21 + 1 day down to $1123/$22 which would be buying territory for a further advance to $1156/$57 expected during the week of September 21.
2. Subsequently, December gold advanced into Friday, September 18 and closed the session at $1139.10. The market then declined into September 22 and completed the $1123/$22 downside target (swing low, $1120.50). The market then advanced today (Thursday, September 24) and completed the $1156/$57 upside target expected this week (today swing high, $1155.40, so far).
3. This 3 step roadmap is likely the beginning of a much larger move for an advance and test of $1185/$90 into November 2015, as noted in previous meetings. Will update with further trading information as the market continues to confirm.
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.