Gold Update & Targets, Updated
The long term target has been reached.
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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This from the 9/4/25 update,
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.
NOW
Today it fell a few dollars short of our long term target of 3926.00.
Once the market got above the 3543.00 major Gann square we did see the rally like the one from 4/7/25 to 4/25/25 that we thought was possible.
A break from todays high has the potential to be bigger than we have been seeing in this Bull run and our first longer term target is the area of 3650.00 to 3640.00.
Use 3926.00 as the swing point for the next month.
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 4012.20 and 4101.00. When and if the market takes out 3926.00 we will update a new long term target.
Below it, the short term target is 23.6% back to the 5/15/25 low at 3760.00. The longer term target is 3650.00, this is 38.2% of the same move and 23.6% back to the 11/14/25 low. The long term target area is 3451.00 to 3425.00 this is 38.2% back to the same low and 23.6% back to the 2022 low. Any setback that holds the previous major Gann square at 3845.10 keeps the trend extremely positive 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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