Rosie the Gold Algorithm Model Charting Update Wednesday April 18, 2018 #GOLD $GC_F $XAUUSD $GLD, $UGLD, $DGLD with Gold Miner Observations: $GDX, $GDXJ ($NUGT, $DUST, $JDST, $JNUG)
Good day! My name is Rosie the Gold Algo. Welcome to my new member edition Gold trade report for Compound Trading.
Like EPIC our Oil Algorithm chart model, I am an algorithm chart model in development and trader testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of Gold and Gold Miner related.
The charting models are best used decision to decision. In other words, each line on the algorithmic model charts are support and resistance. As trade progresses, weighing algorithmic charting model against conventional charting observations provides an edge over using only conventional charts.
If you need assistance at anytime contact my developers at [email protected].
Updates:
The charting below for Gold now has prospective channel support and resistance, considerable wider time frame quad walls highlighted (thicker orange dotted lines) and key channel direction decision areas noted with purple arrows.
How to Use the Charting Model:
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
Gold / Gold Miner Trade Coaching
Users of this algorithm model charting may opt for private one-on-one coaching with our lead trader and / or an experienced trader that has worked under our lead trader.
On our website there are standard one-on-one online coaching packages you can order (coaching via Skype) or you can request a customized package (reflecting the time you are wanting to invest in your learning).
To request a custom package most suited to your needs email us at [email protected] or click here for a standard private trade coaching package. Other options for coaching include online webinars for members (from time to time), private on location and in-person coaching sessions at our new trading location(s) and organized trading conference events.
Primary Trade Indications:
Live Twitter Alert Feed for Gold / Miner Trades: @GoldAlerts_CT
Gold Trade Buy / Sell Short Term Swing Triggers
For short term trading the following are support and resistance areas for trade that can be used as buy / sell triggers for Gold.
1300.96
1311.07
1321.30
1331.51
1341.61
1351.86
1362.03
1372.72
1383.43
1384.79
The primary method of trade our traders are reporting works with the most predictability is to wait for Gold to breach the trading range (grey lines marked with arrows) up or down and then have it confirm as it leaves the corresponding trading quadrant to the up or downside. See video above.
As it is a model in development, if you find more predictable methods please report same.
Resistance and Support Clusters: Blue and Yellow horizontal (may be sloped) lines (marked with arrows). The thicker they are the more significant they are. Blue are conventional indicators and Yellow are calculated historical algorithmic points of significance. If the cluster is significant our charting techs will shade the area in white to bring this to your attention. The most recent cluster has proven to be significant resistance in recent trade.
Trading Range: Grey Lines (marked with grey arrows). Trade above or below creates bias and bias is confirmed to a high probability when trade then leaves a quadrant (geometric diamond shape formed with diagonal Fib trend lines for time – frame) after gaining or losing a trading range horizontal support / resistance line (grey horizontal line).
Quadrants: Diagonal Orange Lines that form diamond shapes. Based on diagonal Fibonacci trend lines act as important support and resistance. The wider the time frame the thicker the line.
Channel Decisions: Purple arrows note critical uptrend and downtrend channel decisions.
Fibonacci Support and Resistance: Horizontal lines on charting (various colors).
Targets: Red circles on charting. The least of the indicators and should be used for observation purpose only. The targets are in very early stage development / testing. Two are provided for each quadrant time frame – the upper scenario targets should be considered if trend is up and likewise for the lower. Only either are expected to hit (if at all – very low probability of a hit is expected at this point).
Conventional Charting: All decisions should be weighed against conventional charting (as may be provided below also).
Gold Algorithm Live Charting Link: Click on share button bottom right (beside flag) and then click on “Make it Mine”.
Gold Live Chart Link April 18, 2018:
Current trade area. Rosie Gold Algorithm. April 18 607 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Current trade area. Rosie Gold Algorithm. April 18 607 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold down channel scenario. Rosie Gold Algorithm. April 18 609 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold down channel scenario. Rosie Gold Algorithm. April 18 609 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold up channel scenario. Rosie Gold Algorithm. April 18 608 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold up channel scenario. Rosie Gold Algorithm. April 18 608 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Conventional Charting Considerations:
WOW. Gold bulls continue to press upper resistance. Chart notes.
Gold technical reality has my “trader bias” in conflict.
Gold -0.11% recent historical resistance has been a predictable short, however, a break upside is becoming more and more probable as this structure firms up and upside price targets in time cycle become more probable.
MACD and Stochastic RSI are both still trending on the daily – this is bullish .
May 4, 2018 time / price cycle peaks and the bullish targets on this daily chart model are 1352.00 1387.00 and most bullish scenario 1420.00.
There is lots of room to upside forming the algorithmic model charting channel also. The top of the prospective upside channel is wayyyy up there. This is important.
In summary…. this chart structure of Gold is forming a significant risk reward advantage to the bullish side.
I am personally (trader bias) slanted to bearish , but the chart says bullish . Primarily because of symmetry and structure.
Trade price, not opinion.
Gold bulls continue to press the upper resistance points on daily chart model. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Per previous;
Gold came off again at historical resistance for predictable short. target June 4 1320.00 area. #Gold $GLD $GC_F
If the June 4 downside target doesn’t hit and Gold -0.04% turns up then look to upside in to 1350.00 area again for a decent short side trade set-up (historical resistance).
Trade is over 50 MA at this point on daily but 100 MA seems to be recent support area (generally).
Also MACD Stoch RSI and SQZMOM are moderately flat so this looks like a consolidation area near term.
Gold came off again at historical resistance for predictable short. target June 4 1320.00 area. #Gold $GLD $GC_F
Per recent;
GOLD MACD and Squeeze Momentum indicators are turned up on daily. Bullish.
Current trading bias is long considering.
GOLD MACD and Squeeze Momentum indicators are turned up on daily. Bullish.
Gold Miner $GDX:
$GDX Gold miner trading near mid quad resistance test and perfectly on way to price target. $NUGT $DUST $JNUG $JDST
$GDX Gold miner trading near mid quad resistance test and perfectly on way to price target. $NUGT $DUST $JNUG $JDST
Per recent;
$GDX 50 MA test, structure in play – one of the cleanest, easiest trades on the market $NUGT $DUST $JDST $JNUG $GLD
No trading is easy, but I’m sure you get my point – the symmetry, structure and support and resistance points in this trade set-up in Gold -0.05% Miners certainly helps a trader plan each trade in this.
GDX 0.46% is setting up for an excellent long side bias price target trade in to time price cycle peak June 5 (red circles on chart are the preferred price targets as trade reflects – trade in direction of most appropriate target).
Gold -0.05% 0.56% miners continue to bounce off previous (historical) support area with predictability. The trend (or history in this instance) is your friend.
Price is currently following the diagonal uptrend quad trading range for this time cycle upward near perfect along quad wall support structure (blue dotted diagonal) on the algorithmic trading model chart.
A long near the support (previous bounce area of 21.00) and trimming near 23.00 has been a great trade and there’s no reason to change my trading plan unless something structurally changes in the charting / trade.
THE ONE IMPORTANT note in recent trade is that we did fail the upside 50 MA test on the daily chart …. but this could break upside soon. SO WATCH THE 50 MA VERY CLOSELY and trade accordingly. Failing 50 MA is bearish until it’s not. Upside break likely rockets trade north, so at this point I am long bias.
If 50 MA test fails I will be looking for long side after next bounce again in to the model structure.
Per recent;
$GDX Gold miners once again bouncing at the recent support.
$GDX Gold miners once again bouncing at the recent support.
Per recent;
Gold Miners $GDX break down of recent monthly lows possible here in to lower target. $NUGT $DUST $JDST $JNUG
Gold Miners $GDX break down of recent monthly lows possible here in to lower target. $NUGT $DUST $JDST $JNUG
$GDX Gold Miner PT in play – price above 21.06 targets 2315 below 21.06 targets 18.90 June 4. $NUGT $DUST $JDST $JNUG
$GDX Gold Miner PT in play – price above 21.06 targets 2315 below 21.06 targets 18.90 June 4. $NUGT $DUST $JDST $JNUG
Recent Gold Price Targets:
Gold price target April 6 hit perfect to time and price provided on report 14 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target April 6 hit perfect to time and price provided on report 14 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Sun lined up to price target time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Sun lined up to price target time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Mar 4 hit perfect to time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Mar 4 hit perfect to time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Feb 4 hit perfect to time and price provided on report 7 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Feb 4 hit perfect to time and prce provided on report 7 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Recent Gold and Gold Miner Trade Alerts:
Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.
Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.
Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.
$GDX long side trade trim bias now in to resistance at 23.14 and add above long for next PT 24.21
$GDX long side trade trim bias now in to resistance at 23.14 and add above long for next PT 24.21
$GDX near mid quad res today – trim longs there and add above on break for 25.19 PT June 5. https://www.tradingview.com/chart/GDX/iriVmaBR-GDX-near-mid-quad-res-today-trim-longs-there-and-add-above-on/ …
All the best with your trades and look forward to seeing you in the room!
Rosie the Gold Algo
Article Topics: Rosie, Gold, Algorithm, Chart, Trading, Gold, $XAUUSD, $GOLD, $GLD, $UGLD, $DGLD, Miners, $GDX, $NUGT, $DUST, $JDST, $JNUG