May 27, 2025
Commodity Futures Weekly Newsletter- For the week of May 26th, 2025
Gold futures are holding above support, still too early to be confident wave 3 has ended.
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A publication by the Research Team at Capital Trading Group: 800-238-2610
Metals
Gold Futures
Gold Futures cannot confirm a top.
Gold Futures remain above Support. Until prices retrace to below 3,111.90, it is too early to be confident Wave 3 has ended and Wave 4 is in progress. This week price settled at 3,357.70.
Fibonacci Supports for a retracement are at 3,111.90 & 2,865.70
A very shallow correction would retrace 23.6% of the gains in Wave 3 from the Wave 2 low of 1,823.50. This is listed on the chart at 3,111.90. A deeper Wave 4 correction would retrace 38.2% of the gains in Wave 3. This projects to 2,865.70 and is also listed on the chart. This 38.2% Fibonacci retracement level is a more standard measure for 4th Wave retracements and aligns well with current Trend Channel Support. With the low of the decline from the all-time high 3,509.90 top only reaching 3,123.50 it is too early to call Wave 3 complete.
Conclusion
Continue to prepare for a deeper correction in an eventual Wave 4. A sideways to lower correction in Wave 4 would precede eventual new highs. A simple A,B,C decline as a zig zag or a more sideways Bullish triangle are Wave 4 candidates. If Gold Futures were to close a Daily session over 3,509.90, prior to reaching 3,111.90, then 3,802.10 would become the Fibonacci Extension target, at 4.236x the length of Wave 1 in a persistent Wave 3. A drop below 50 in RSI, currently at 69.04, would add weight to the proposed Wave 4 scenario.
For complete strategies in Futures and Option pricing to potentially capitalize on this analysis, call 800- 238-2610 to speak to a registered broker with Capital Trading Group or request more information on how to get started via email sent to info@capitaltradinggroup.com.
Thank you!
Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be
relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and
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