1. In our recent Mon. Nov. 3 Williams edge live meeting it was noted that Dec. gold (then trading at approx. $1165) was expected to decline further and test/attempt $1157/$55 (or lower) into Tue., Nov. 4 (+1 day). This was not issued as a new trade but as a forecast to judge the market’s position.
2. Today’s (Wed., Nov. 5) Dec. gold declined sharply and completed the $1157/$55 downside target, and lower (today’s session low, $1137.10, so far).
3. Today’s sharp decline below the $1157/$55 downside target is an important development and may prompt new entry. Will update.