Gold just posted its strongest weekly performance in five years, blasting through $3,240 an ounce before pulling back – and veteran technical analyst Gary Wagner says this move is unlike anything he’s seen in decades. With volatility rising across stocks, currencies, and bonds, Wagner warns that gold is forming a powerful new base – and the next leg higher may already be underway.
In this interview, Gary Wagner, Editor of TheGoldForecast.com, joins Jeremy Szafron, Anchor at Kitco News, to explain why this breakout is different, how the charts signal continuation, and where gold may be heading next. Wagner also dives into the unusual dislocation between the U.S. dollar and Treasury yields, outlines key Fibonacci targets, and gives tactical advice for active traders right now.
Key Topics:
– Why Wagner texted: “I’ve never seen this in gold before”
– The meaning of back-to-back parabolic moves on Heikin-Ashi charts
– Why $3,000 is now critical support and not just a milestone
– How tariffs, debt, and geopolitics are fueling gold’s next wave
– The technical case for $3,400, $3,500 — or higher
– Why the dollar is breaking down despite rising Treasury yields
– What traders should watch: momentum setup vs consolidation base
– Key support and resistance levels for short- and long-term positioning
Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Gary Wagner on X: @garyswagner (https://twitter.com/garyswagner)
00:00 Introduction
01:34 Technical Analysis on Gold’s Performance
01:51 Hank and Ashi Chart Analysis
03:49 Continued Market Analysis and Predictions
04:40 Implications and Future Projections
13:08 The Role of the Dollar
15:07 Closing Thoughts and Advice for Traders
17:34 Conclusion
#GoldBreakout #GaryWagner #GoldTechnicalAnalysis #KitcoNews #GoldForecast #SafeHavenAssets #GoldPriceTarget #GoldBullMarket #MacroAnalysis #FibonacciLevels #GoldVsDollar #PreciousMetals #JeremySzafron #GoldResistance #GoldSupport #MarketVolatility
__________________________________________________________________
Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.
FOLLOW US:
X: https://x.com/kitconewsnow
Instagram: https://www.instagram.com/kitconews
Facebook: https://www.facebook.com/KitcoNews
LinkedIn: https://www.linkedin.com/company/kitconews
Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.
Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Write a Reply or Comment: