12/09/2015 – Gold

Issued: 12/09/2015

February gold:

1. In today’s (Wednesday, December 9) Williams edge futures meeting it was noted that aggressive traders could go long February gold at $172.30 for further advance.

2. Subsequently, February gold advanced and is trading at $176.50. This represents initial profit taking territory.

3. A protective sell stop should be placed at $172.30. This stop will be moved higher as the market continues to confirm. Will update in tomorrow’s session.

David Williams

Issued: 12/10/2015

February gold:

1. In our Wednesday, December 9 Williams edge futures meeting it was noted that aggressive traders could go long February gold at $172.30 for further advance.

2. Subsequently, February gold advanced and is trading at $176.50 where initial profit taking was indicated.

3. However, today (Thursday, December 10) our protective sell stop was hit at $172.30. This resulted in a successful trade. Will message any further entry or indication in February gold.

David Williams