Gold Update & Targets

(GCZ25) 

There are two methods we use at ONE44 to find support and resistance in the markets.

The first are major Gann squares, these are the yellow horizontal lines on the chart.

The second is Fibonacci retracements.

This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO

In the update below we have the swing point and what to look for above and below based on the two methods of analysis.

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GCZ25

From Sunday,

The rally from the 3379.00 major Gann square and swing point for the last two week's hit the short term target of 78.6% at 3499.00 and closed above it, this will be the key level for the week. We will use the ONE44 78.6% rule to get the short term downside target.

Use 3379.00 as the swing point for the week. 

Above it, the key level to get above in December is the 3543.00 major Gann square and once it can we think the same about another sharp rally like the one from 4/7/25 to 4/22/25. Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 3611.20 and 3695.90.

The rally this week has now taken out the 3543.00 major Gann square, the previous contract high on 4/22/25 at 3585.80 and closed above the 3611.20 major Gann square. The key level for the week is now 3611.20. After making a new contract high you always want to see it stay above that level to confirm the breakout of the sideways trading it has done between the 3292.10 and 3543.00 major Gann squares, a failure to do so can send this market sharply lower. Provided it stays above 3611.20 the long term target is 3926.00.

Use 3611.20 as the swing point for the week.

Above it, there are only major Gann squares above to look for resistance and then use as the swing point when closed above, the next two are 3695.90 and 3772.50. The long term target is 3926.00.

Below it, getting right back below the previous high of 3585.80 can cause a sharp selloff and if so, you can look for the area of 3292.00 to 3214.00. In this area it is 78.6% back to the 5/15/25 low, 38.2% back to the 11/14/25 low, a major Gann square and 23.6% back to the 2022 low (all these levels are marked on the chart). Any setback that holds 38.2% back to the 5/15/25 low at 3475.00 is a very strong sign and a new high can quickly follow, even stronger would be only getting back to the previous major Gann square at 3543.00.

ONE44 Analytics where the analysis is concise and to the point

Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

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You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.
 

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