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11/06/2016 – Gold

  • Gold

December gold:

1. In Fridays (November 4) Williams edge meeting it was noted that if December gold was unable to touch $1309.30 on the upside, a tradable decline to $1292.00 would occur into Monday, November 7.

2. Subsequently, December gold remained unable to touch $1309.30 (Friday’s session high, $1308.30) and today (Monday, November 7) completed the $1292 downside target (today’s session low, $1284.10, so far). This successfully completes the forecast/trade. Will message any further entry or indication in December gold.

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.