SP 500 Futures & Gold Analysis

(ESU25) (GCZ25) 

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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SP 500 Futures

ESU25

From last week,

The rally this week put out a new high and has four closes above the 6443.00 major high and this will again be the key level for the week. 

Use 6443.00 as the swing point for the week again.

Below it,...... Any setback that holds 38.2% back to the 8/1/25 low at 6408.00 keeps the trend extremely positive and a new high can quickly follow.

It did trade well below 38.2% at 6408.00 and had one close below it, however Friday's rally closed back above the 6443.00 major Gann square and this will again be the key level for the week. This rally that all started in April from the 23.6% retracement back to the 2009 low at 4850.00 has had few setbacks and most of them could not get back to, or close to a 23.6% retracement back to the April low. The setback on 4/21/25 had one close below 38.2% at 5265.00 and the next day was right back above it and the market went on a $700 rally. The next setback fell short of 23.6% at 5720.00 on 5/23/25  and then went on another $700 rally. Showing how strong this market is, For the next setback we had to retrace back to the tightest level that we could and that was on 5/23/25.  The setback on 8/1/25 had one close below 23.6% back to the 5/23/25 low at 6290.00, also a major Gann square and went on to a new high. Proving to be even stronger the market could not take out 38.2% back to the 8/1/25 low at 6408.00, it always needs two close below to negate the level. We will again be looking for the long term targets above.

Use 6443.00 as the swing point for the week again.

Above it, our long term target area is 7214.00 to 7230.00, this another cluster of major Gann squares just like the 6102.00 to 6142.00 cluster that sent the market down to 4850.00. Before then there are only major Gann squares to look for resistance and then use as the swing point when closed above. The next two are 6594.75 and 6752.00.

Below it, the short term target is the previous major Gann square at 6290.75, this is also 78.6% back to the 8/1/25 low. The longer term target is 23.6% back to the 4/7/25 low at 6116.00. The long term target and swing point is 38.2% back to the same low at 5875.00.

Gold

GCZ25

From last week,

The low this week held the previous major Gann square at 3379.00 and this will be the key level for the week.

Use 3379.00 as the swing point for the week.

It had one big close below the 3379.00 major Gann square, only to close right back above it the next day and this will again be the key level for the week. All of the Above/Below remain the same for this week.

Use 3379.00 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 8/8/25 high at 3499.00.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.

Below it, the short term target area is the 3292.00 major Gann square and 78.6% of the 5/15/25 low and 6/16/25 low at 3276.00. The longer term target is 23.6% back to the 4/7/25 low at 6079.00. The long term target is also the long term swing point at 5837.00, this is 38.2% back to the same low.

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.
 

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