10/28/2015 – 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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