Gold has broken out of its multi-week consolidation pattern, confirming a new bullish trend is underway. The U.S. Dollar has "melted through" long-term technical support, providing the fuel for a rally across the precious metals complex. With gold and silver pushing to new highs, is this the start of a parabolic move?
Gary Wagner, editor of TheGoldForecast.com, joins Jeremy Szafron to break down the critical chart patterns in gold, silver, and the U.S. Dollar. Wagner explains why the breakout from a "symmetrical triangle" is the final signal he was waiting for and reveals his stunning long-term price forecast. Wagner says, “My upper level target… is $3,700 plus for a Troy ounce of gold.”
Key Topics:
-Gold’s "symmetrical triangle" breakout
-Silver’s catch-up rally to 10-year highs
-The U.S. Dollar’s "extremely bearish" long-term outlook
-Gary’s new Gold price target: $3,700+
-Silver’s next price targets: $42 and $44
-The Dollar’s downside targets: 95, 90, and 89
Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
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Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast)
00:00 Introduction
00:56 Technical Analysis with Gary Wagner
01:19 Breakout Signals and Predictions
02:08 Gold’s Recent Performance
07:14 Silver’s Surge and Analysis
10:19 US Dollar Impact on Precious Metals
13:35 Long-term Trends and Predictions
17:38 Market Sentiment and Strategy
18:34 Conclusion and Final Thoughts
#Gold #Silver #GaryWagner #KitcoNews #GoldPrice #TechnicalAnalysis #SilverPrice #PreciousMetals #DollarIndex #GoldForecast #ChartThis
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