Gold Trading Update Monday Dec 26 – GOLD $GLD ($UGLD, $DGLD) Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG) Chart and Algorithm Observations
Dec 26, 2016 Rosie the Gold Algo Trading Report (member edition).
Good day! My name is Rosie the Gold Algo. Welcome to my new member edition Gold trade report (public editions do not include proprietary algorithmic modeling).
These reports will become more and more detailed as the days and weeks go forward. You can follow my intra day tweets here https://twitter.com/ROSIEtheAlgo.
IMPORTANT NOTICES:
NEW TRADING ROOM OPTION: There is now an option for trading room only – non-bundled version https://compoundtrading.com/product/standalone-live-trading/ at 59.00 a month (vs bundled version with morning newsletter and alerts at 119.00). There are limited orders available at 38.2% discount (200 max) FYI.
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.
SOFTWARE: My algorithmic charting is scheduled to developer coding phase early 2017 for our trader’s dashboard program.
Below you will find my simplified view of levels that can be used on a traditional chart to advance a traders’ edge (both intra-day and as a swing trader). This work, and your subsequent trading, should be considered as one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on.
Please read the public version of this Gold trade report first and then view Member Edition add-ons below:
Algorithmic Modeling Member Section
Primary Algorithmic Model Support and Resistance:
Current trading at time of writing is at 1139.26. Following are your support and resistance calculated from previous time / price cycles and various other calculations that coincide with Fibonacci levels:
Resistance:
Moderate 1141.90, 1144.19, 1145.19, 1146.29. Significant 1150.69, 1156.12, 1157.40, 1164.91, 1196.08, 1217.91, 1239.75, 1310.44
Support:
1136.97, 1135.65, 1134.74, 1132.51, 1129.34, 1127.68, 1125.44, 1122.82, 1120.77
Support and Resistance. Gold Algorithmic Model Chart Observation Work Sheet $GLD $UGLD, $DGLD Miners $GDX $NUGT $DUST $JDST $JNUG
Alpha Algo Trading Lines:
The primary algo support and resistance lines are at the following levels – trade above is bullish intraday to next primary line and trade below is bearish intraday to next primary line.
1122.82 – a break below has high probability of further downtrend in Gold
1144.19
1150.69
1164.94 – a break above has high probability of a trend reversal in Gold taking place to upside.
Alpha Algo Trading Price Targets:
Gold has been trading in a confirmed downtrend since early Oct 2016, as such, the lower targets are more probable than the upper targets. The closer to price of current trade the more probable the targets are to hit prior to expiry Jan 1 2017. The one consideration is that Gold is getting an intraday bounce as this is being written.
Here are the targets for this week (the further from current price the less likely a hit):
Upper:
1150.69
1164.91
1217.91
1239.75
1266. 71
1310.44
Lower:
1120.77
1119.37
1117.89
1116.11
1113.27
Intra Day Algo Trading Quadrants:
The blue lines represent the outside lines (perimeter) of algorithmic modeling quadrants (as they apply to this time-frame). Watch them closely – they very often act as support and resistance.
Algo Quadrant Lines (Blue). Gold Algorithmic Model Chart Observation Work Sheet $GLD $UGLD, $DGLD Miners $GDX $NUGT $DUST $JDST $JNUG
Time / Price Cycle Change Forecast:
The nearest time / price cycle terminates at latest Dec 28 at 7:00 AM – it is moderate, but plan for intraday trend reversal nonetheless anytime prior.
The next significant time / price cycle termination is Jan 10, 2017 at 10:00 AM.
As new time / price cycle terminations present themselves we will notify members by alert or new posts.
Gold News:
Gold Copper Ratio tells us difficult days ahead. http://seekingalpha.com/article/4032727-gold-copper-ratio-tells-us-difficult-days-ahead-gold
Gold and Gold Miner Equities on Watch:
Which Gold Miners Could Provide a Valuation Upside in 2017? A complete listing in early Jan 2017 member editions.
Resource Stock Seasonality:
Included in upcoming issues early Jan 2017.
Gold Miners Trade Study:
Included in upcoming issues early Jan 2017.
Algorithmic Modeling Indicators:
As I explained above, my algorithm is a consolidation of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This “consolidation” is how we establish the probability of specific targets hitting (we call them alpha algo targets / algo lines / algo quadrants / time and price cycles).
Good luck with your trades and look forward to seeing you in the room!
Rosie the Gold Algo
Article Topics: Rosie Gold Algo, Chart, Stocks, Fibonacci, Stocks, Wallstreet, Trading, Chatroom, Gold, Algorithms, $GOLD $GLD, $UGLD, $DGLD, Miners, $GDX, $NUGT, $DUST, $JDST, $JNUG