11/11/2014 – Gold

Issued: 11/10/2014

Dec. gold:

1. Any touch and 120 minute (2 hour) close above above either $1152 – $1150 in Dec. gold will indicate new long entry for an initial long position exit at/near $1163 (or higher).

2. A further advance and test/attempt at $1179/$80 remains possible and is the larger reasoning for the trade.

3. Once long, a protective sell stop should be placed at $1144.00. This stop will be moved higher as the market continues to confirm. Will update.

David Williams

Issued: 11/11/2014

Dec. gold:

1. Our previous Mon., Nov. 10 Dec. gold report indicated that any touch and 120 minute (2 hour) close above $1152 – $1150 would indicate new long entry for an initial long position exit at/near $1163 (or higher).

2. Today’s session tested the $1152 -$1150 buying territory (session low, $1145.50) and later closed the 120 minute bar above those levels, prompting new long entry. Today’s session high has been $1158.60, so far.

3. Our protective sell stop has been raised to $1147.00. This stop will continue to be moved higher as the market continues to confirm.

David Williams

Issued: 11/11/2014

Dec. gold:

1. Our previous Mon., Nov. 10 report indicated that any touch and 120 minute (2 hour) close above above either $1152 – $1150 in Dec. gold would indicate new long entry for further advance to at/near $1163 profit target (or higher).

2. Today’s (Tues., Nov. 11) Dec. gold declined to a session low of $1145.50 before reversing and closing the 120 minute bar at $1153.10 (above $1152 – $1150), indicating new long entry.

3. Today’s Dec. gold session advanced to our $1163 initial upside target, prompting initial profit-taking at that price (today’s session high, $1165.90, so far). Further long position exit should be taken at/near $1169/$70 and the remainder held for the original forecast retest at/near $1179/$80.

4. Our protective sell stop has been raised to $1152. This stop will continue to be moved higher as the market continues to confirm.

David Williams