10/28/2015 – Gold
- October 28, 2015
- Gold
Issued: 10/27/2015
December gold:
1. As noted in a recent Williams edge live meeting, December gold is expected to retest the $1158 level on the downside later this week (week of October 26).
2. Therefore, any further test and failure at $1170/$71 (or slightly higher) in December gold is important and will likely prompt new short entry for the above-noted test. Will update as the market continues to confirm.
David Williams
Issued: 10/28/2015
December gold:
1. As noted in a recent Williams edge live meeting, December gold is expected to retest the $1158 level on the downside later this week (week of October 26).
2. Further, in today’s (Wednesday, October 27) Williams edge live meeting it was noted that gold had advance to $1183 which was a critical juncture on the upside. It was explained that if the market failed at that level a fast decline to $1158 (or lower) would occur.
3. Today’s Fed interest rate announcement prompted the failure at $1183 and gold declined the forecast 25 points to $1158 and lower (today’s session low, $1152.10, so far). This completes the forecast/trade. Will message any further entry or indication in December gold.
David Williams
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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.