Gold Futures Analysis

The chart is key to this update.

(GCM25) 

From last week,

The failure to make a new high in the area of a 78.6% retracement (also a major Gann square) hit the first target of 78.6% the other way at 3268.00 per the ONE44 78.6% rule and we will now see if it is also the end of the Bull run for now. It traded below the short term target of 3164.40, but never closed below it, this was 38.2% back to the 11/14/24 low and a major Gann square. This will be the key level for next week.

Use 3164.40 as the swing point for the week.

Above it, being a 38.2% retracement, holding it can send this market to a new high per the ONE44 38.2% rule. The longer term target is 78.6% back to the 4/22/25 high at 3430.00. The short term target area is the 3356.70 major Gann square and 61.8% back to the same high at 3366.00. Any rally that can't get above 38.2% of the same move at 3273.00 is very negative and a new low can quickly follow.

5/25/25

After spiking below 38.2% at 3164.00 (also a major Gann square), but never closing below it, it has rallied $200 and now hit the short term target area of the 3356.70 major Gann square and 61.8% back to the 4/22/25 high at 3366.00, this will be the key level for next week. We will use the ONE44 61.8% rule to get the short term downside target.

Use 3366.00 as the swing point for the week.

Above it, The low on 5/15/25 held 38.2% at 3164.40 and following the ONE44 38.2% rule we are still looking for a new ATH from it for the long term target. The short term target area is 78.6% of the same move at 3430.00 and the 3446.00 major Gann square.

Below it, a setback from a 61.8% retracement can send it 61.8% the other way at 3220.00 per the ONE44 61.8% rule, this is the short term target. The long term target area is 78.6% of the same move at 3178.00 and the 3164.40 major Gann square. Any setback that holds 38.2% at 3276.00 keeps the short term trend extremely positive and a new high can quickly follow.

We have done 47 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.
 

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