Gold

The chart is key to this analysis.
(GCM25) 

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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

For the last year Gold has held the key Fibonacci retracements. In June and into August of last year it held 23.6% this is the tightest retracement there is and one that tells you just how strong it is when holds. Then on 11/14/25 it held the 23.6% level again going back to the contract low at 2613.00. It traded sideways for away before going on another run higher. The next attempt to setback held 23.6% back to the 11/14/25 low at 2895.00, also a major Gann square and another new high followed. The most recent setback hit 38.2% back to the 11/14/25 low at 2982.20, this was also a major Gann square and a sharp rally followed. We know have only major Gann squares to look for resistance and then use as the swing point when closed above.

Here is this weeks outlook.

4/20/25

GCM25

From last week,

There was no turn lower from the 78.6% retracement at 3153.00 and Friday's high hit the 3256.00 major Gann square and this will be the swing point for the week.
Above there are only major Gann squares and the next two are 3356.70 and 3446.00.
Below it, the short term target is 23.6% back to the 11/14/24 low at 3114.00. The longer term target area is 38.2% of the same move at 3010.00 and the 2982.20 major Gann square.

The rally above the 3256.00 major Gann square sent it to the next one at 3356.70 and this will be the swing point for the week.

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 3446.00 and 3554.20.

Below it, using the 4/7/25 low when it hit 38.2% back to the 11/14/25 low, look for 38.2% at 3225.00, this is the short term target. Any setback that holds the previous major Gann square at 3256.10 keeps the trend extremely positive and a new high can quickly follow. 

We have done 46 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.

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.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

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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