Gold Great Cycle from 2000 Till Today
Introduction to Gann Analysis
Gann analysis is a trading technique developed by the legendary trader W.D. Gann, who believed that price movements in markets follow specific geometric and cyclical patterns. Gann’s methods use angles, time cycles, and geometric shapes to predict future price levels and turning points. Common tools include Gann Angles, Gann Fans, and Gann Grids, which combine price and time ratios to identify significant support and resistance levels.
Understanding the Jinny Gann Chart
The "Jinny Gann" setup is a unique variant of traditional Gann analysis. It incorporates Gann angles and grids across a price chart to identify key points where price and time intersect. In this chart, we see a series of yellow diagonal lines, horizontal price levels, and vertical time markers. These lines form geometric patterns resembling stars, squares, and diamonds. Each intersection or alignment point of these lines is considered a potential area of support, resistance, or trend reversal.
How to Use Gann Techniques with Jinny Gann
Gann Angles: Gann angles represent various slopes or inclinations that the price might follow, often indicating potential support or resistance zones. The angles on the Jinny Gann chart start from specific pivot points and extend outward. When the price touches these lines, it may find support or resistance and change direction.
Horizontal Levels: Each horizontal line represents a price level that has significance in Gann’s approach. You can see values next to these lines, such as 2,588, 1,670, and 1,287, which signify critical levels where the price could pause or reverse. These levels are derived based on specific mathematical calculations linked to Gann’s theories.
Vertical Time Lines: The vertical grid lines represent time cycles. Each segment between these lines could represent a particular period in which price actions might intensify, reverse, or change trends. For instance, on this chart, certain dates align with these vertical lines, suggesting when key price movements could happen in the future.
Intersections and Confluence Zones: Pay attention to areas where multiple lines intersect; these are known as "confluence zones." They carry even more significance, as price changes around these points can be stronger. If the price is nearing an intersection of a Gann angle and a horizontal level, traders should watch for potential reversals or breakouts.
Example of Interpretation
Key Levels in the Chart
720° Level - 3,124.42324 (Higher Upside Target):
This is a more distant resistance level, representing a strong psychological and technical barrier in an extended bullish scenario. Should the price trend up consistently, this could eventually become a critical point.
675° Level - 2,851.190537 (Potential Upside Target):
If the price Holds above the 2,590 level and sustains its momentum, 2,851 is the next major resistance to watch. This level is a bullish target for traders who are looking for further upward moves in gold.
630° Level - 2,590.457835:
This is a critical level that the price is currently near. As a strong Support, it plays a significant role in determining whether the current uptrend will continue. A break and hold above 2,590 would signal strength in the bullish trend. However, if broke, we might see a pullback to lower support levels.
585° Level - 2,342.225132:
This level serves as immediate support if the price fails to break above 2,590. It represents a key zone where buyers may step in to support the price. Monitoring price behavior at this level can give clues about potential rebounds or further declines.
540° Level - 2,106.49243:
Further down, this is an important support level within the Gann grid. A more significant price decline could bring this level into focus, where it might attract buying interest and stabilize the price.
Summary and Trading Approach
Observe Reactions Around 2,590: Since the price is close to this resistance, a breakout above it could indicate further bullish momentum. If rejected, it could signal a short-term reversal.
Support at 2,342: This is the first major support below the current price. If the price falls from 2,590, this level may attract buying interest, offering a possible rebound point.
Potential Upside to 2,851 and 3,124: Should the price break above 2,590 and maintain its bullishness, these levels become critical for traders aiming for longer-term upside targets.
This analysis allows traders to focus on the key support and resistance levels within the Jinny Gann framework and provides a roadmap for potential price movements in the short to medium term.
Produced by Jinny Gann Ar
Gann analysis is a trading technique developed by the legendary trader W.D. Gann, who believed that price movements in markets follow specific geometric and cyclical patterns. Gann’s methods use angles, time cycles, and geometric shapes to predict future price levels and turning points. Common tools include Gann Angles, Gann Fans, and Gann Grids, which combine price and time ratios to identify significant support and resistance levels.
Understanding the Jinny Gann Chart
The "Jinny Gann" setup is a unique variant of traditional Gann analysis. It incorporates Gann angles and grids across a price chart to identify key points where price and time intersect. In this chart, we see a series of yellow diagonal lines, horizontal price levels, and vertical time markers. These lines form geometric patterns resembling stars, squares, and diamonds. Each intersection or alignment point of these lines is considered a potential area of support, resistance, or trend reversal.
How to Use Gann Techniques with Jinny Gann
Gann Angles: Gann angles represent various slopes or inclinations that the price might follow, often indicating potential support or resistance zones. The angles on the Jinny Gann chart start from specific pivot points and extend outward. When the price touches these lines, it may find support or resistance and change direction.
Horizontal Levels: Each horizontal line represents a price level that has significance in Gann’s approach. You can see values next to these lines, such as 2,588, 1,670, and 1,287, which signify critical levels where the price could pause or reverse. These levels are derived based on specific mathematical calculations linked to Gann’s theories.
Vertical Time Lines: The vertical grid lines represent time cycles. Each segment between these lines could represent a particular period in which price actions might intensify, reverse, or change trends. For instance, on this chart, certain dates align with these vertical lines, suggesting when key price movements could happen in the future.
Intersections and Confluence Zones: Pay attention to areas where multiple lines intersect; these are known as "confluence zones." They carry even more significance, as price changes around these points can be stronger. If the price is nearing an intersection of a Gann angle and a horizontal level, traders should watch for potential reversals or breakouts.
Example of Interpretation
Key Levels in the Chart
720° Level - 3,124.42324 (Higher Upside Target):
This is a more distant resistance level, representing a strong psychological and technical barrier in an extended bullish scenario. Should the price trend up consistently, this could eventually become a critical point.
675° Level - 2,851.190537 (Potential Upside Target):
If the price Holds above the 2,590 level and sustains its momentum, 2,851 is the next major resistance to watch. This level is a bullish target for traders who are looking for further upward moves in gold.
630° Level - 2,590.457835:
This is a critical level that the price is currently near. As a strong Support, it plays a significant role in determining whether the current uptrend will continue. A break and hold above 2,590 would signal strength in the bullish trend. However, if broke, we might see a pullback to lower support levels.
585° Level - 2,342.225132:
This level serves as immediate support if the price fails to break above 2,590. It represents a key zone where buyers may step in to support the price. Monitoring price behavior at this level can give clues about potential rebounds or further declines.
540° Level - 2,106.49243:
Further down, this is an important support level within the Gann grid. A more significant price decline could bring this level into focus, where it might attract buying interest and stabilize the price.
Summary and Trading Approach
Observe Reactions Around 2,590: Since the price is close to this resistance, a breakout above it could indicate further bullish momentum. If rejected, it could signal a short-term reversal.
Support at 2,342: This is the first major support below the current price. If the price falls from 2,590, this level may attract buying interest, offering a possible rebound point.
Potential Upside to 2,851 and 3,124: Should the price break above 2,590 and maintain its bullishness, these levels become critical for traders aiming for longer-term upside targets.
This analysis allows traders to focus on the key support and resistance levels within the Jinny Gann framework and provides a roadmap for potential price movements in the short to medium term.
Produced by Jinny Gann Ar
Time is more important than price. When time is up price will reverse." – W. D.
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