11/29/2015 – Gold
December gold:
1. In Wednesday’s (November 25) Williams edge live meeting it was noted that any hourly close below $1068 in December gold would indicate a tradable decline to $1055/$50 into early next week (week of November 30).
2. Subsequently, December gold closed hourly below $1068 (at $1065.20) and quickly declined to the $1055/$50 downside target (swing low, $1051.10). 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.