Gold & The 78.6% Fibonacci Retracement
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.
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Gold has held the 38.2% Fibonacci retracement on each setback so far on this massive rally. The last two were on 10/28/25 and 12/31/25. The current rally is at 78.6% back to the contract high. Following the ONE44 78.6% rule, a failure to make a new high in the area of a 78.6% retracement can be the end of the rally for now and a sharp setback is possible.
Here is what to look for now,
1/11/26
GCG26
From last week,
The break last week hit 38.2%Â and hit the 4295.80 major Gann square, but never closed below 4335.00 and this will be the key level for the week.
Use 4335.00 as the swing point for the week.
Above it, holding 38.2% can send this market back to new highs. The short term target is 78.6% back to the ATH at 4517.00. A failure to ....
The high this week hit 78.6% at 4517.00 and this will be the key level for the week. A failure to make a new high in the area of a 78.6% retracement can cause a sharp selloff.
Use 4517.00 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 4649.30 and 4860.20.
Below it, the short term target is 78.6% the other way at 4345.00 per the ONE44 78.6% rule. The longer term target is 4070.00, this is 78.6% back to the 10/28/25 low and 38.2% to the 5/15/25 low.
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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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