S&P 500 Futures & Gold Analysis The charts are key to this analysis. The last two highs after the all-time high (ATH) on January 28, 2026, were halted by a 78.6% Fibonacci retracement level. The first retracement occurred on February 11, 2026, at 6985.00, and the second on February 25, 2026, at 6966.00. According to the ONE44 78.6% rule, any market that reaches this level should reverse 78.6% in the opposite direction. This level is often where bull markets end or begin. When the market reacts to the 78.6% level, it typically creates wide price swings that pass through other retracement levels, either in large trading ranges or small ones. This level is also frequently hit when the market reacts from 23.6% or 38.2% and fails to form a new high or low. The first pullback from the February 11, 2026, high hit the 78.6% level on February 17, 2026, at 6808.00, which then reversed again to 6966.00 on February 25, 2026. The next critical test will be whether the break below 6966.00 (the 78.6% level) marks the end of the current bull run. The weekly focus will center on Friday’s close, which fell just below the key 6752.00 major Gann square level. This level is expected to play a significant role in the upcoming week. For further details on the analysis and key levels to watch, readers are directed to the ONE44 Analytics main page. Gold has maintained the 38.2% retracement level during all pullbacks, sustaining a positive trend. The 38.2% retracement is the most critical level, serving as the foundation for the "Golden Rule." This rule states that any market aiming to preserve its current trend must hold the 38.2% level. As long as this level is respected, the trend should continue, and the market should form new highs or lows from that retracement. Subsequent guidelines for the 38.#gold #s_p_500 #one44_analytics #fibonacci_retracement #gann_square
