Click on the chart to enlarge
See the above chart wherein I have used the Gann Angles as support & resistance. As per the rules of All Angles, when the stock price breaks an Angle, it will rotate to the next Angle. Gold Spot is under a downtrend until the breakout of 8/1.
But that’s all about the long-term view. If you see the above Gold Spot’s hourly chart, there are two supports. And if XAUUSD repeats the game of excess & tail, then the downtrend will begin.
Hence, be ready for the levels of $1752 – $1726 – $1680 below.
Gold Spot can hold the downtrend by staying above 4/1. If it happens, then we will see $1830 – $1860 – $1900+ levels.
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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Unbelievable predication Sir
Nice job dev sir
got something interesting from u good bless u
Thanks. Nicely explained
Superb..
Always surprising us with your cool confidence coming from unparalleled knowledge.
Thanks for your efforts and for taking time for us
Good noon sir
I want to learn gan theory
Please गाइड me and give me a suggest ons
Respected Mr.Kamal,
Use the following steps:
Step 1: Draw a vertical trendline by measuring the average of the overall trend.
Step 2: Next step, match the Gann fan with the trend.
Step 3: To get perfection, find a trend angle tool with 48 degrees angle at the first point. And repeat this process from the opposite point of the trendline. But this time, make a trend angle first, then use the Gann gan.
If you have any other queries or concerns, you can email me at [email protected].