Gann theory is very complicated and high accuracy commodities prediction method by W.D. Gann. He introduces his method at 1918. We are not try to explain his full methodologies at this article but we will using Gann Theory to predict the gold price at coming weeks.
The most important part of Gann Theory is “CYCLE” and “ANGLE”, Gann use mathematics calculation to determine the trading cycles or price cycles, and using angle to point out the support and resistances of prices.
Lets take a look at the following chart of gold futures, the gold price has posted a significant low at May 20 2005, then changed to uptrend for 360 days which is a very important cycle of Gann
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