Gold Continues Holding 23.6% & 38.2% Retracements Keeping the Trend Positive.
Gold
The chart is key to this analysis.
Each setback in the Gold market has held either a 23.6%, or 38.2% retracement keeping the trend very strong. Some of the ONE44 rules and guidelines are below and the New Video will explain more about the Fibonacci retracement.
Back on 6/7//24 the market held 23.6% back to the 2022 low and then again on 6/27/24. That sent the market on to a new high as it should when holding that retracement. The next setback held 38.2% back to the 6/7/24 low at 2660.00 on 11/14/24 and then again on 12/19/24 before sending it on to a new high again.
There was a minor setback on 2/28/25 that held 23.6% at 2930.00 and a new high followed. The next setback on 4/7/25 held 38.2% back to the 11/14/24 low at 2996.00 and one of the sharpest rallies happened. (over $500 in 10 trading days).
The latest low held 38.2% back to the 11/14/24 low at 3196.00. We are still looking for a new high from this retracement, but as always will watch every retracement on the move up to see just how strong, or weak the market is regardless of the longer term target.
There is more on this in the new video below.
New Video
In this Educational Video we will go over the Grain/Livestock markets that we cover for our Premium Members. We also cover Gold, SP500. Bitcoin and DOGE Crypto. These we cover on a weekly basis for free at the current time.
You can sign up here for Gold, Crude Oil, SP50 & Bitcoin Updates.
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.
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.
FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
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