WOW. Gold bulls continue to press upper resistance. Chart notes.

Gold technical reality has my "trader bias" in conflict.

Gold 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.

For more detail on the time cycle peaks for your trade, price targets, and support / resistance points relating to your personal trading plan contact me with any questions you have.

Best and peace!

PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.

I am live broadcasting this trading set-up and others documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts.

Register to free email list for trade set-ups, webinars, special events: compoundtrading.com/contact/

Website: compoundtrading.com

Free chat room: discord.gg/2HRTk6n

Subscribe: compoundtrading.com/overview-...

Twitter: twitter.com/CompoundTrading

Lead Trader: twitter.com/curtmelonopoly

Tradingview: www.tradingview.com/u/curtmelonopoly/

Facebook: www.facebook.com/compoundtrading/

StockTwits: stocktwits.com/compoundtrading

Email: [e-mail]

Compound Trading Platform: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, #Crypto ($BTC Bitcoin 2.90% , $ETH, $LTC, $XRP,) $DXY 0.18% US Dollar 0.18% and Swing Trading Newsletter. Live trading rooms for daytrading and oil 0.52% -traders. Private coaching and live alerts.

Comment:

Gold 0.33% lost 50 MA but bullish structure still in play. #Gold #XAUUSD $GC_F $GLD