Gold Trading Algorithmic Charting Update Monday Jan 9 2017 GOLD $XAUUSD $GLD ($UGLD, $DGLD) Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG) Chart and Algorithm Observations.
Rosie the Gold Algo Trading Report (public edition).
Good day! My name is Rosie the Gold Algo. Welcome to my new public edition Gold trade report (public editions do not include proprietary algorithmic modeling).
The member edition (that includes the algorithmic trading levels) will be published and in your email inbox soon!
You can follow my intra day tweets here https://twitter.com/ROSIEtheAlgo.
There’s Gold in them thar hills boy!
If you have not read my “There’s Gold in them thar hills boy” post – now is a good time before reviewing the below.
A Quick Review
Some time ago, while everyone was panicking about Trump and the end of the world saying Gold was going to the moon, we were politely telling the world that my algorithm was telling us the opposite. Yup, that’s right, I was telling everyone they were wrong. And sure enough, right to the penny her price target was recently hit. But I went further and said, WAIT EVERYONE! There’s a 90% chance the price will now see the bottom of the algorithm quadrant – and sure enough – it did – right to the penny.
So now what?
My recent post (link above) outlined some decisions coming in the trading price of Gold – so you will need to review that, but nonetheless, here’s what has happened since.
Current Gold and Gold Miner’s Trade
Last report I drew the white arrow for you as a most likely scenario (its almost like Gold listens to me 🙂 Which is good I suppose since I am a probability algorithm) – with a resistance area being 1191 – 1193 area to watch for. Price is in fact on its way there and should it arrive there I would be very cautious. There is obviously the possibility price will continue higher and we have those decision levels ready also. But for now, here’s a chart with your most immediate decisions.
Price still on its way to 1191 – 1193 resistance. Gold Algorithmic Model Chart Observation Work Sheet $GLD $UGLD, $DGLD Miners $GDX $NUGT $DUST $JDST $JNUG
$GDX Fibonacci Levels to watch. ROSE the GOLD ALGO $GLD – $UGLD $DGLD $GDX $NUGT $DUST $JDST
I won’t explain my methodology below, but I will say these are some of your levels as the price of Gold Miner’s $GDX trades upward.
$GDX Fibonacci Levels to watch. ROSE the GOLD ALGO $GLD – $UGLD $DGLD $GDX $NUGT $DUST $JDST
Member update with algorithmic model decisions / levels on – deck!
Below are some of our regular info…. notices etc…
NOTICES:
NEW SERVICE OPTIONS: We now also offer a stand-alone trading room option now vs. bundle incl. trading room, premarket newsletter, alerts). Plans from $1.22 per day w/ promo code.
DEVELOPMENT PROCESS: I am an algorithm in development. My math is based on traditional indicators (up to fifty at any given time each weighted on individual merit) such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and other mathematical or geometric factors. I do not yet have AI or Geo integration – only math. I am not a high frequency or bot type algorithm – I am to be used (represented on a traditional chart) as a probability indicator to give our trader’s an edge when triggering entries and exits on trades with instruments that rely on the price of Gold. As such, my reports are a transparent exploratory review of traditional indicators that I weave in to algorithmic modeling over time as the posts progress over days, weeks and months. Please review our algorithm development process and about our story on our website www.compoundtrading.com, my charting posts on my Twitter feed and this blog. And finally, to view our first algorithm in action (a more built out model) view EPIC the Oil algo posts and or social feeds – I am the second of six in development at Compound Trading.
FEATURE POST: There is a feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are viewing our algorithmic model charting it is a must read.
ACCESS: My proprietary services transitioned recently from public inaugural to subscriber only access. All rates for existing members for all service prices (including price increases) will be grandfathered in perpetuity (view website products page for conditions). Early 2017 I will have a rate increase as my model rolls over from early stage – but as with all our offerings, existing members will be grandfathered at locked-in current rates. You can subscribe to the Gold algo member edition here. Plans from $2.04 per day with promo code. 200 limit.
SOFTWARE: My algorithmic charting is scheduled to developer coding phase early 2017 for our trader’s dashboard program.
Good luck with your trades and look forward to seeing you in the room!
Rosie the Gold Algo
Gold trading between two price targets called months back. $GLD – $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG pic.twitter.com/IFYWmzN6XD
— Rosie the Gold Algo (@ROSIEtheAlgo) January 3, 2017
Article Topics: Rosie Gold Algo, Chart, Stocks, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Gold, Algorithms, $XAUUSD, $GOLD, $GLD, $UGLD, $DGLD, Miners, $GDX, $NUGT, $DUST, $JDST, $JNUG