Gold & Crude Oil

(GCM25) (CLM25) 
Both of these markets just turned at a 78.6% retracement, for Gold it hit 78.6% of the 4/22/25 high and 5/1/25 low at 3446.00, this was also a major Gann square and in Oil it turned up from 78.6% of the 4/9/25 low and 4/23/25 high at 56.70.

When we follow the ONE44 78.6% rule we know,

Short version,

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.

In Oil a 78.6% retracement is 63.00 and that is the short term target.

For Gold the 78.6% retracement is 3265.00.

For both of these markets it can also be the start of a complete trend change

This was our outlook for this week in each market.

CLM25

From last week,

Oil had a small range this week, it did have one minor close above 63.40 and hit the 64.40 major Gann square, however this keeps the long term trend negative and all the levels from last week the same.

Use 63.40 as the swing point for the week, this is 38.2% back to the 4/12/24 high and the long term swing point.

Below it, keeps the long term trend negative and the short term target is 78.6% back to the 4/9/25 low at 56.90. The long....

The break from 63.40 (38.2%) sent the market to the short term target of 78.6% back to the 4/9/25 low at 56.90. With this being a 78.6% retracement it can do one of two things, or both when following the ONE44 78.6% rule, 1) it goes 78.6% of where it just came from and 2) it can be the start of the next Bull run, so 56.90 is the key level for the next week.

Use 56.90 as the swing point for the week.

Above it, the short term target is 78.6% back to the 4/23/25 high at 63.10. The long term target is 61.8% back to the 4/12/24 high at 68.90, this is also a major Gann square.

Below it, the target area is 61.8% on the continuation chart at 50.70 and the 48.95 major Gann square. The long term target is 78.6% of the same move at 30.50, before then there are major Gann squares to look for support and then use as the swing point when closed below at 43.40 and 37.85.

GCM25

From last week,

The rally to start the week went through the 3446.00 major Gann square, but never closed above it. The setback from the 3509.90 high is now about equal to the previous setbacks in the middle of November and the beginning of April (about $250). This area is also very important because using the two most recent lows on 11/14/25 (23.6%) and 4/7/25 (38.2%) bring in two key retracements at 3300.00. Taking this level out would turn the short term trend negative based on the retracements and the previous setbacks just mentioned. This will be the key level for next week.
 

Use 3300.00 as the swing point for the week.

It has now taken out the two tightest retracements at 3300.00 and has had the biggest price setback since the rally started in 2022. The key level for the week will again be 3300.00.
 

Use 3300.00 as the swing point for the week.

Above it, getting right back above it on Monday can send it to a new high. The short term target is 78.6% back to the 4/22/25 high at 3446.00, this is also a major Gann square. Any rally that can't get above the previous major Gann square of 3356.70 is a negative sign and a new low can quickly follow.

Below it,  the short term target is 3164.40, this is a major Gann square and 38.2% back to the 11/14/25 low. The longer term target is 23.6% back to the 2022 low at 3070.50, this is also a major Gann square. The long term target is also the long term swing point at 2810.00, this 38.2% back to the 2022 low and a major Gann square.

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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