10/07/2016 – Gold

December gold:

1. Since September 27 we have noted that a sharp decline in December gold was likely to occur in the month of October from the then current price of approximately $1330 down to $1250/$45. 2 short entry levels were given, a confirmed break below $1315 (more aggressive) and a break below $1292/$90 (less aggressive).

2. Subsequently, December gold broke both $1315 and $1292/$90 and today Friday, October 7 completed the $1250/$45 downside target (today’s session low, $1243.20, so far). This successfully completes the forecast/trade. Will message any further entry or indication in December gold.

David Williams