Gold, algorithm, report

Rosie Gold Algorithm Chart Model Wed May 23 $GC_F $XAUUSD $GLD $UGLD $DGLD $GDX $NUGT $DUST

Share this:Rosie the Gold Algorithm Model Charting Update Wednesday May 23, 2018 #GOLD $GC_F $XAUUSD $GLD, $UGLD, $DGLD

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Rosie the Gold Algorithm Model Charting Update Wednesday May 23, 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 info@compoundtrading.com.

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 info@compoundtrading.com 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.

1270.32

1280.52

1290.70

1300.96

1311.07

1321.30

1331.51

1341.61

1351.86

1362.03

1372.72

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 May 23, 2018:

https://www.tradingview.com/chart/GOLD/JruXIy4L-Gold-current-area-of-trade-Rosie-Gold-Algorithm-May-23-230-AM/

Gold current area of trade. Rosie Gold Algorithm. May 23 230 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold, algorithm, chart

Gold current area of trade. Rosie Gold Algorithm. May 23 230 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold up channel scenario. Rosie Gold Algorithm. May 23 229 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold up channel scenario. Rosie Gold Algorithm. May 23 229 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold down channel scenario. Rosie Gold Algorithm. May 23 228 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold down channel scenario. Rosie Gold Algorithm. May 23 228 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Conventional Charting Considerations:

No easy trade. Last time Gold dumped 200 MA on daily it bounced at mid quad. #Gold #Chart #Daily

https://www.tradingview.com/chart/GOLD/fB5bYccN-No-easy-trade-Last-time-Gold-dumped-200-MA-on-daily-it-bounced/

No easy trade. Last time Gold dumped 200 MA on daily it bounced at mid quad. #Gold #Chart #Daily

Per recent;

Massive time cycle comes due late July on Gold Daily. Structure in place still. May 14 218 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

https://www.tradingview.com/chart/GOLD/bzK0cwH7-Massive-time-cycle-comes-due-late-July-on-Gold-Daily-Notes/

Gold, time cycle, chart

Massive time cycle comes due late July on Gold Daily. Structure in place still. May 14 218 AM #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Per previous;

Gold daily chart simple model still has structure, but it’s close to a fall out.

https://www.tradingview.com/chart/GOLD/K1clwQ6o-Gold-daily-chart-simple-model-still-has-structure-but-it-s-clos/

Gold, daily, chart, structure

Gold daily chart simple model still has structure, but it’s close to a fall out.

Keep it Simple Gold Trade MACD Daily Chart says Gold still on sell side. $XAUUSD $GC_F $GLD #Gold

https://www.tradingview.com/chart/GOLD/Zyusrkgx-Keep-it-Simple-Gold-Trade-MACD-Daily-Chart-says-Gold-still-on-se/

Keep it Simple Gold Trade MACD Daily Chart says Gold still on sell side. $XAUUSD $GC_F $GLD #Gold

Gold monthly offering a decent risk reward to bulls here. $XAUUSD $GLD $GC_F $GLD $UGLD $FGLD #Gold #Chart

https://www.tradingview.com/chart/XAUUSD/ndgzRQyz-Gold-monthly-offering-a-decent-risk-reward-to-bulls-here/

Gold monthly offering a decent risk reward to bulls here. $XAUUSD $GLD $GC_F $GLD $UGLD $FGLD #Gold #Chart

Gold Miner $GDX:

May 23 – Use previous chart link below – no significant change in structure.

Per recent;

$GDX structure still in play. Very predictable trade over and over. $NUGT $DUST $JDST $JNUG

https://www.tradingview.com/chart/GDX/izAOofSK-GDX-structure-still-in-play-Very-predictable-trade-over-and-ov/

$GDX, chart

$GDX structure still in play. Very predictable trade over and over. $NUGT $DUST $JDST $JNUG

Per recent;

April 30 – $GDX No change. Support at Fib TL quad wall held and trending in to resistance.

https://www.tradingview.com/chart/GDX/oySDQVAb-GDX-No-change-Support-at-Fib-TL-quad-wall-held-and-trending-in/

$GDX, chart

$GDX No change. Support at Fib TL quad wall held and trending in to resistance.

Per recent;

April 24 – $GDX came off at mid quad resistance as thought. Add long or enter long at quad TL line support if it holds.

https://www.tradingview.com/chart/GDX/VcYeYEEm-GDX-came-off-at-mid-quad-resistance-as-thought-Add-long-or-ent/

$GDX, chart, resistance, support

$GDX came off at mid quad resistance as thought. Add long or enter long at quad TL line support if it holds.

Recent Gold Price Targets:

May 23 – Will update price target hits soon. 

May 14 – Will update price target hits soon.

Per recent;

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, algorithm

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, hit, algorithm

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, algorithm, price, target

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, algorithm, price, target, hit

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:

May 23 – Will update Gold alerts soon. Until then, see below for important sections of chart.

Gold trade since last report up in to resistance apex and dumped hard. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Gold trade since last report up in to resistance apex and dumped hard. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Should be interesting action. End of time cycle at right of screen on the model. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

Should be interesting action. End of time cycle at right of screen on the model. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST

May 14 – Will update Gold alerts soon.

Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.

Gold, long, trade

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/ …

Gold Trading Plan

Gold trading plan. Long side alert 405 AM – 18 Apr 2018 at green arrow 1346.18 trading 1326.50 intra. Fails at red arrow. Hold. Hedge.

Gold, trading, plan, long

Gold trading plan. Long side alert 405 AM – 18 Apr 2018 at green arrow 1346.18 trading 1326.50 intra. Fails at red arrow. Hold. Hedge.

Will add under 1321.33, 1311.86, 1300.93, expect at latest bounce 1293.51 and add there.

Trading, plan, Gold, adds

Will add under 1321.33, 1311.86, 1300.93, expect at latest bounce 1293.51 and add there.

Major support pivot in the 1293.51 area of Gold Algorithm Model. #Gold #trading #Algorithm #Chart

Gold, support, chart

Major support pivot in the 1293.51 area of Gold Algorithm Model. #Gold #trading #Algorithm #Chart

Green triangle completion of significant time cycle in Gold and support area (inverse apex). Significant buy zone if trade gets there.

Gold, time, price, cycle, chart

Green triangle completion of significant time cycle in Gold and support area (inverse apex). Significant buy zone if trade gets there.

Bullish scenario 1367.80 May 1 is top of quad in current time cycle. Unlikely but worth note for major resistance trims.

Gold, resistance, chart

Bullish scenario 1367.80 May 1 is top of quad in current time cycle. Unlikely but worth note for major resistance trims.

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

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