An analysis of key gold price support levels for the week of April 4, 2016 based on Murrey Math, Gann Angles, Natural Squares and other methods.

1. Gold Levels – WK of 4-4-16
By Chart Analysis

2. Gold Murrey Math Levels
• +2/8 – 1296.88
• +1/8 – 1289.06
• 8/8 – 1281.25
• 7/8 – 1273.44
• 6/8 – 1265.63
• 5/8 – 1257.81
• 4/8 – 1250.00

3. Murrey Math Levels - Cont’d
• 3/8 – 1242.19
• 2/8 – 1234.38
• 1/8 – 1226.56
• 0/8 – 1218.75
• -1/8 – 1210.94
• -2/8 – 1203.13

4. Gold Gann Angles - Up
• Up from 1046.20 low -
– 360 – 1179.50
– 375 – 1185.25
– 390 – 1190.75
– 405 – 1196.25
– 420 – 1201.75
– 435 – 1207.25
– 450 – 1213.00

5. Gann Angles Up - Cont’d
– 465 – 1218.50
– 480 – 1224.00
– 495 – 1229.50
– 510 – 1235.25
– 525 – 1240.75
– 540 – 1246.25
– 555 – 1251.75
– 570 – 1257.70

6. Gold Gann Angles - Down
• Down from 1920.80
– 1395 – 1257.00
– 1410 – 1249.75
– 1425 – 1242.75
– 1440 – 1235.50
– 1455 – 1228.50
– 1470 – 1221.25
– 1485 – 1214.25

7. Gann Angles Down - Cont’d
– 1500 – 1207.00
– 1515 – 1200.00
– 1530 – 1192.75
– 1545 – 1185.50
– 1560 – 1178.50
– 1575 – 1171.25
* For an excellent explanation of Gann Angles see
here

8. Gold Natural Squares
• 8/8 – 35 or 1225.00
• 7/8 – 34.88 or 1216.61 = Strength Test
• 6/8 – 34.75 or 1207.56 = Pivot
• 5/8 – 34.63 or 1199.24 = Inner Range Top
• 4/8 – 34.50 or 1190.25 = Midpoint
• 3/8 – 34.38 or 1181.98 = Inner Range Bottom
• 2/8 – 34.25 or 1173.06 = Pivot
• 1/8 – 34.13 or 1164.86 = Weakness Test

9. Natural Squares - Cont’d
• 0/8 – 34.00 or 1156.00

10. Gold Key Weekly Levels
• 1225.00 or square of 35 – based on natural squares
[also near 480 Gann Angle (1224.00) up from 1046.20]
• 1218.75 or 0/8 Murrey Math Level [also near 465 Gann
Angle (1218.50) up from 1046.20]
• 1210.94 or -1/8 Murrey Math Level
• 1203.13 or -2/8 Murrey Math Level – expect strong
resistance and possible rebound at this level
• 1196.25 or 405 Gann Angle up from 1046.20

11. Key Weekly Levels - Cont’d
• 1164.86 or square of 34.13 is another key level, but may
or may not be challenged during week of 4-4-16

12. Gold Levels Conclusion
• Upside resistance at 1225.00
• 1203.13 key level where gold price may rebound
• 1164.86 is another key level to watch but may not come
into play during week of 4-4-16

13. About Chart Analysis
• Chart Analysis uses a variety of methods to analyze
charts including:
– Traditional Technical Analysis / Indicators
– Pattern Recognition
– Murrey Math
– Gann Angles
– Cycle Analysis
– Natural Squares

14. About Chart Analysis - Cont’d
• Overlapping indicators
• Thinking outside the lines
* Any additional questions or comments please feel free to
contact

15. References
• Murrey Math - Slides 2,3 – See Murrey Math Study
Notes Part 1 and Part 2 and Brian McMullen’s (if you
know his current contact information, let us know)
MurreyMathCalculator
• Gold Gann Angles – Slides 3-7 – Based on Work of
Michael Jardine
• Natural Squares – Slides 8,9 – Based on Work of
Michael Jardine

16. License
• You may redistribute this material under the terms of the
Attribution-NonCommercial-ShareAlike 2.5 (CC By-NC-
SA 2.5) License
• If you use this presentation or any element of it please
give appropriate attribution to Chart Analysis