Gold Stopped by Another 78.6% Fibonacci Retracement
The chart is key to this analysis.
(GCQ25)
From last week,
The market held 38.2% at 3195.00 on 5/15/25 keeping the trend very strong, but has been unable to make a new high since then. It did fail to make a new high at a 78.6% retracement on 6/16/25 and that did send the market over $200 lower and is caught between 78.6% retracements. Overall even with the sideways trade since the ATH the trend remains very strong. The key area to get through above is 78.6% of the 6/16/25 high and 6/30/25 low at 3426.00 and the 3446.20 major Gann square, failing to get above this can send the market quickly lower, when and if it can clear this area it can cause another sharp rally like the one between 4/7/25 and 4/22/25.
This week's high hit the key area above between 78.6% (3426.00) and the 3446.20 major Gann square. With 3426.00 being a 78.6% retracement we will be using the ONE44 78.6% rule for the short term target. It has hit a 78.6% retracement twice before, once on 5/7/25 and that sent it to 38.2% back to the 11/14/25 low at 3198.00 on 5/15/25 and then on 6/16/25 when it sent it back to the previous major Gann square at 3292.50. We will be watching to see if this can be the end of the Bull run for now, or just another setback building for another big run higher.
Use 3446.20 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 3619.60 and 3774.40.
Below it, the short term target is 78.6% the other way at 3292.50, per the ONE44 78.6% rule, this is also a major Gann square. If this is all it can setback, look for a quick run to new highs. The longer term target is 23.6% back on the continuation chart at 3107.00. The long term swing point from the same move is 38.2% at 2840.00.
You can sign up here for Free Gold, Crude Oil, SP500 & Bitcoin Updates.
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.
FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
9 minutes ago
- Globe and Mail
Noble Plains Uranium Closes on Duck Creek Project in the Heart of Powder River Basin
Exploration Target Range Supported by New NI 43-101 Technical Report Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: NBLXF) (FSE: INE0) (" Noble Plains" or the " Company") is pleased to announce that it has closed on the property option agreement to acquire an 80% interest in the Duck Creek Project (" Duck Creek Property", " Duck Creek", the " Project", or the " Property"), a strategically located brownfield uranium asset in Wyoming's highly productive Powder River Basin (the " PRB"). The option closing coincides with a newly completed National Instrument 43-101 (" NI 43-101") technical report prepared for UNXE238 Corp. (the " Optionor") by independent firm Western Water Consultants, Inc d/b/a WWC Engineering of Sheridan, Wyoming (" WWC"). The report highlights an Exploration Target of between 2.37 million tons at 0.03% U₃O₈ and 5.45 million tons at a grade of 0.05% U₃O₈ based on historical drilling. The potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource. "This is a further example of our team executing on its strategy to identify high-quality brownfield assets in the best U.S. uranium districts, use strong historic data to accelerate de-risking, and advance them quickly toward compliant resources," said Drew Zimmerman, President of Noble Plains Uranium. "With Duck Creek now secured along with a new NI 43-101, we are positioned to rapidly deliver meaningful pounds in the ground, building real leverage for our shareholders as the uranium market continues to strengthen." Duck Creek Project Highlights Scale & Location: 4,133 acres (6.5 sq. mi.) of mineral rights, surrounded by major uranium projects and production facilities owned by Cameco, Uranium Energy Corp., Global Uranium and Enrichment, and GTI Energy, Extensive Historical Work: Over 4,000 drill holes, including a 3-mile trend of shallow roll-front uranium mineralization, Historic Drill Intercepts: include 8.9 feet grading 0.75% U₃O₈ and 13.9 feet of 0.47% U₃O₈, Historic Production: Past open-pit mining evident along and beyond the mineralized trend, Significant Exploration Potential: untested deeper Fort Union Formation. In the Heart of a Growing Production Corridor Located in one of the most prolific in-situ recovery (" ISR") uranium districts in the United States, Duck Creek is directly surrounded by major deposits and production facilities owned by Cameco Corporation, Uranium Energy Corp., and GTI Energy Limited (see Figure 1). The Project's extensive historical database, favourable geology, and proximity to existing infrastructure present a rare opportunity to advance a uranium project in a proven production hub. Figure 1: Duck Creek Project Surrounded by resource and production projects To view an enhanced version of this graphic, please visit: Note: source of resource numbers in Figure 1: Allemand-Ross, Barge, and Ludeman projects, from 2022-09 technical report Exhibit 96.1. Smith Ranch Highland, from Cameco website. Lo Herma, from company website. Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the Duck Creek Project. "From a geological perspective, Duck Creek has all the hallmarks of a highly attractive ISR project," said Paul Cowley, CEO of Noble Plains Uranium. "It is in a proven roll-front uranium district, with drill spacing and mineralization continuity that provide a strong basis for confirmation and expansion. We plan to initiate a focused drilling campaign this fall. Design and magnitude of the drill program is in progress with a drill permit application at an advanced stage." Duck Creek - A Strong Technical Foundation The Project covers 4,133 acres (6.5 mi²) of mineral rights, including four State of Wyoming mineral leases (2,560 acres) and 78 lode mining claims (1,573 acres). The Project hosts a 3-mile-long corridor of high-density drilling completed by Kerr-McGee Nuclear Corporation in the 1970s. A total of 4,068 historical drill holes outline a consistent, shallow roll-front uranium system within the Eocene-aged Wasatch Formation, with mineralization occurring from less than 50 feet to 260 feet below surface (see Figure 2). Highlights of the historical drill intercepts include 8.9 feet grading 0.75% U₃O₈ and 13.9 feet of 0.47% U₃O₈. Local historic open-pit mining is evident within and beyond the mineralized trend shown in Figure 2. The technical report was completed for UNXE238 Corp. by independent WWC, dated August 13, 2025, entitled "NI 43-101 Technical Report Duck Creek Uranium Project" (" Technical Report") which states that the Project potentially contains an Exploration Target summarized in Table 1. The Technical Report will be Sedar filed today and made available on the Company website. Table 1. Duck Creek Uranium Project Exploration Target Upper Range Estimate Methodology Average Grade (% U 3 O 8) Median GT Sum (% U 3 O 8 -ft) Area (ft 2) Tons (000s) Mineral Outline 0.05 0.598 5,895,866 4,241 Extended Trend 0.05 - - 1,205 Total 5,446 Lower Range Estimate Methodology First Quartile Grade (% U 3 O 8) Minimum GT Sum (% U 3 O 8 -ft) Area (ft 2) Tons (000s) Mineral Outline 0.03 0.201 5,895,866 2,373 Total 2,373 The potential quantity and grade at the Project are conceptual in nature, that it is uncertain if further exploration will result in the target being delineated as a mineral resource and there is insufficient data to estimate a mineral resource. Drill holes with intercepts with Grade-Thickness (GT) sum less than 0.2 %-ft were excluded. A bulk density of 16.6 ft3/ton was used. The average thickness of each intercept with GT greater than 0.2%-ft within the mineral outline is 7 ft. The total number of intercepts within the mineral outline area is 1,317 and the average cumulative intercept thickness per drillhole is 11.8 ft. Figure 2: 3-mile-long trend of high-density historic drilling and historic production areas To view an enhanced version of this graphic, please visit: Untested Upside in the Fort Union Formation The historical drilling at Duck Creek focused exclusively on shallow mineralization in the Wasatch Formation. The deeper Fort Union Formation remains completely untested on the property. This lower unit hosts the bulk of resources at several surrounding ISR projects in the Powder River Basin, including those operated by Cameco and Uranium Energy Corp. The absence of historic drilling into the Fort Union at Duck Creek presents a significant exploration upside to expand beyond the Wasatch mineralized zones. Strategic Context The acquisition of Duck Creek significantly strengthens Noble Plains' Wyoming portfolio, building on the Company's recent acquisition of Shirley Central and expansion of Shirley East in the Shirley Basin. Wyoming has produced over 238 million pounds of uranium since the 1950s, with the Powder River Basin and Shirley Basin's representing key districts in that legacy of production. ISR is now the dominant extraction method in Wyoming overall, because it allows for faster permitting, minimal surface disturbance, and lower capital and operating costs. The Transaction Further to the Company's June 19, 2025 news release announcing the execution of a property option agreement, between the Company, UNXE238 Corp., and Drakensberg Resources LLC, a wholly owned subsidiary of the Company, the Company has closed the first stage of its option to acquire up to an 80% interest in the Duck Creek Property by issuing 1,250,000 common shares and paying US$250,000 to the Optionor. The common shares issued are subject to a four-month hold period in accordance with applicable securities laws. The remaining share issuances and cash payments are as disclosed in the Company's June 19, 2025 news release. The Duck Creek Property option transaction was accepted by the TSX Venture Exchange as an expedited transaction. UNXE238 Corp. has a Surface Access Agreement with a local rancher. About Noble Plains Uranium Corp. Noble Plains Uranium (TSXV: NOBL) is focused on acquiring and advancing U.S.-based uranium projects amenable to In-Situ Recovery (ISR)-the most capital-efficient and environmentally responsible method of uranium extraction. The Company targets historically explored, geologically robust projects in uranium-friendly jurisdictions with the goal of rapidly delineating NI 43-101 resources and building out a pipeline of ISR-development opportunities. On Behalf of the Board of Directors, "Paul Cowley", CEO "Drew Zimmerman", President For further information, please contact: Drew Zimmerman: (778) 686-0973 Website: Technical disclosure of the Technical Report and Exploration Target estimate in this news release has been reviewed and approved by Christopher McDowell, P.G., Project Manager at WWC Engineering, a Qualified Person as defined by National Instrument 43-101. Technical disclosure, excluding the Exploration Target estimate in this news release, has been reviewed and approved by Bradley Parkes, VP Exploration and Director of Noble Plains Uranium Corp., a Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release. Cautionary Statements Regarding Forward-Looking Information This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operations and activities of Noble Plains, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the acquisition of an 80% interest in the Duck Creek Property, the merits of the Project, including potential mineralization therein, completion of an NI 43-101 compliant technical report on the Property, and the planned 2025 exploration program, including timing, scope and objectives, and the Company's ability to advance the Project towards a NI 43-101 compliant resource estimate, the potential of the Duck Creek Project to become the Company's flagship asset, the expected strengthening of the uranium market and the resulting impact on shareholder value. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Noble Plains, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the accuracy of historical drilling and other historical data, the ability to confirm historical results through exploration, the Company's ability to obtain necessary permits and approvals in a timely manner, the availability of qualified personnel, equipment and services, the ability of the Company to obtain TSX Venture Exchange approval, the ability of the Company to complete proposed exploration work, the results of exploration, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Readers are urged to refer to the Company's filings on SEDAR+ at for a more complete discussion of such risk factors and their potential effects. Noble Plains does not assume any obligation to update forward-looking statements should beliefs, opinions, projections, or other factors, change, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Globe and Mail
9 minutes ago
- Globe and Mail
57% of Hospitality Professionals Have Taken at Least One Career Gap, OysterLink Poll Finds
Miami, Florida--(Newsfile Corp. - August 14, 2025) - A recent OysterLink poll has found that 57% of hospitality professionals have taken at least one career gap, showing that stepping away from work at some point is common in the industry. The results show: 57% have taken at least one career gap. 36% reported they have never taken one. 7% said they are considering it. When asked why, many respondents said their break was not voluntary - citing reasons such as job losses during COVID-19 or other economic downturns. Others stepped away voluntarily due to burnout or while considering switching industries. OysterLink's findings highlight a shift in attitudes toward career breaks. In an industry known for long hours, high turnover, and physical demands, taking time off is increasingly seen not as a weakness, but as a normal and sometimes beneficial part of a career path. "Hospitality careers often move at a relentless pace, and stepping away can give professionals time to recharge, learn new skills, or explore other passions," said Milos Eric, General Manager at OysterLink. "The key is how you present that time when you're ready to return." About OysterLink OysterLink is a platform connecting restaurant and hospitality professionals with job opportunities. With job listings, including chef in New Orleans or bartender in Seattle, industry insights, and career resources, OysterLink helps professionals build rewarding careers in hospitality.
National Post
9 minutes ago
- National Post
Great Clips, Inc. Names Rob Goggins President and Chief Executive Officer
Steve Hockett Retires Following 37-Year Career at Great Clips, Inc. That Began as Franchisee; Kerry Bundy Promoted to Chief Legal Officer Article content MINNEAPOLIS — Great Clips, the world's largest salon brand, today announced the promotion of Rob Goggins to President and Chief Executive Officer effective January 1, 2026, succeeding Steve Hockett, who will retire at the end of 2025. Article content Article content 'We are excited to welcome Rob Goggins as the next CEO of Great Clips, Inc. to guide our future success and continue to grow our position as the world's leading salon brand,' said Rhoda Olsen, Vice Chair of the Board for Great Clips, Inc. 'We are confident that Rob's long-standing franchisee experience and his understanding of the Great Clips brand will allow him to uniquely execute strategic, growth-driving initiatives to continue accelerating salon-level results for our 600+ franchisees across the United States and Canada.' Article content Over the last seven years as President of Great Clips, Inc., Rob has overseen expansion, talent, learning and development, business intelligence and technology, operations, legal, finance, and marketing and communications. During that time, Rob has led a series of initiatives focused on integrating innovative technologies and enhancing operations to support franchisees, stylists and the customer experience. Recent initiatives include the launch of ReadyNext® text alerts, updates to the Great Clips mobile app that has surpassed 25 million downloads, virtual training options for stylists and the introduction of a remodeled design for salons across the U.S. and Canada. Prior to serving as President, Rob held a variety of leadership positions at Great Clips, Inc. including Chief Operating Officer, Senior Vice President of Real Estate and Development, and Vice President of Development. Article content 'I would also like to thank and recognize Steve Hockett for his tremendous contributions not only as CEO but for his more than 35 years working across various aspects of our business to deliver strong results for our brand and franchisees,' continued Olsen. 'Under Steve's leadership, Great Clips generated 61 consecutive quarters of salon sales growth, helped our franchisees manage through and ultimately thrive following a global pandemic as well as extend our brand into culturally relevant partnerships such as the National Hockey League, College Football Playoff, and March Madness to connect with millions of consumers.' Article content Hockett began his Great Clips career as a franchisee in 1988 before being hired by Great Clips, Inc. in 1992 as a Marketing Manager and later serving as Regional Director and Vice President of Operations. After serving as president of FranChoice, Inc. and then Rapid Refill Corp., he rejoined Great Clips, Inc. in 2008 as Vice President of Operations and was named Chief Executive Officer in 2018. Article content Article content Additionally, Kerry Bundy will be promoted from Vice President of Legal, General Counsel and Corporate Secretary to Chief Legal Officer, reporting to Goggins. In addition to continuing to lead the legal, franchise administration, and compliance functions, Kerry will take on an expanded role in franchise industry government relations. Kerry previously worked for more than 20 years at the Faegre Drinker law firm, including serving on their management board. Article content About Great Clips, Inc. Article content Great Clips, Inc. was established in 1982 in Minneapolis. Today, Great Clips has over 4,400 salons throughout the United States and Canada, making it the world's largest salon brand. Great Clips is 100 percent franchised, and salons are owned locally by more than 600 franchisees across the U.S. and Canada. Great Clips franchisees employ more than 30,000 stylists. Great Clips franchised salons provide value-priced, high-quality haircare for men, women and children. Getting a great haircut at a Great Clips salon is more convenient than ever with Article content , Article content ReadyNext® text alerts Article content and Article content Clip Notes Article content ®. To check in online, visit Article content Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Great Clips, Inc. Article content Article content Heather Leiferman Article content Article content
