Very Important Week For Gold

Very Important week for Gold

The chart is key to this analysis.
(GCG26)

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.

The last two setbacks on 5/15/25 and 10/28/25 held 38.2% retracements to keep the trend positive and a target of new highs from it. We watch all the retracements on every move to see just how strong, or weak the market is regardless of the longer term target. Last week's high failed to make a new high in the area of a 78.6% retracement. When following the ONE44 Fibonacci retracement rules and guidelines we know,

Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.

 

When a market does react to 78.6% it usually creates wide swings that go through all the other retracements, this either happens in very large trading ranges or very small, it is also the level hit most often when the market is reacting from 23.6% and 38.2% and fails to make the new high/low. This is where a lot of Bull runs start and end.

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 This is our analysis for the coming week.

GCG26

From last week,

Use the 4125.25 major Gann square as the swing point for the week,

Above it, the short term target is 78.6% of the 10/20/25 high and 10/28/25 low at 4329.00. A failure to....

Friday's spike through 78.6% at 4329.00 failed to make a new high and it closed right back at 4329.00 and this will be the key level for the week. Just as in the SP500, a failure to make a new high in the area of a 78.6% retracement can cause a sharp selloff and even be the end of the rally for now per the ONE44 78.6% rule. The short term target is 78.6% the other way to start. 

Use 4329.00 as the swing point for the week.

Above it, a failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 4482.20 and 4649.30.

Below it, the short term target is 78.6% back to the 10/28/25 low at 4032.00. Provided this is a longer term top, the longer term target is 3773.50, this is 23.6% back to the 2022 low and 38.2% back to the 11/14/25 low. The long term target and swing point is 38.2% back to the 2022 low at 3370.00. Any setback that holds the 4125.25 major Gann square is a very strong sign and a new high can quickly follow.

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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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