Gold seems to be bouncing, off of Thursday’s lows and Kitco News speaks with Gary Wagner to find out what the charts are telling him this week. “I am genuinely concerned,” he says. The next level he is closely looking at is $1,265 and warns that if that level does not hold, longer-term technical damage may be in the cards for gold. Wagner also comments on other precious metals that he says have had a ‘life of their own’ in recent trading sessions: silver and palladium. “With the equities markets moving to new highs I’m actually surprised we’re not seeing more support come into the silver market.” Tune in now to hear his in-depth analysis of the gold market.
The Gold Forecast's Gary Wagner delivers another highly informative "how to" & breakdown of his gold price forecast & technical charts. Using fibonacci retracement & Elliott Wave analysis, Wagner recaps his previous calls and takes us through his most recent gold forecast on this edition of Chart This! w/ Daniela Cambone of Kitco News & Gary Wagner of The Gold Forecast. August 15, 2014.
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On this July 4th edition of Chart This!, Gary Wagner takes a breather from the celebrations as he comments on gold's movements following the better-than-expected nonfarm payrolls numbers that came out Thursday. Last week, Gary mentioned the support level of $1,311 being key but now sees it as a "minor support level." He adds that the $1,300 psychological level is more important. Wagner continued that a small correction after the yellow metal's surge was expected, saying "a small corrective action here, forming a base, is the markets way of finding the markets price point." Wagner also takes a look at key silver price levels he's eyeing before setting up gold's next week. Kitco News, July 4, 2014.
Kitco News wraps up the week with Gary Wagner's in-depth analysis of the gold market. Wagner says he'll be looking at silver this week as well because of the metal's 'stellar' performance in the precious metals space. "This rally has a unique characteristic," he says. "To me, it's really a market that is building a base." Wagner also talks about his key support and resistance levels for gold as well as how he thinks the metal is set up for the approaching 4-day week. Tune in now for his comprehensive look into both the gold and silver markets. Kitco News, June 27, 2014.
Kitco News ends the week with Gary Wagner's analysis of gold's recent 3% rally and how he sees the metal set up for the coming week. "I do see this particular rally as absolutely sustainable," he says. Wagner adds that the bulls are now in command and there are many factors contributing to the metal's performance, potential inflation being one of them. However, it is critical for gold to hold the $1,300 level, he says and adds that the key resistance is at $1,341. Wagner also offers technical analysis on the silver market. Tune in now to hear Wagner's insights on both gold and silver as he connects the dots for all the price movements this past week. Kitco News, June 20, 2014.
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Heading into the weekend, Gary Wagner joins Kitco News for Chart This! to focus firmly on what he thinks of gold's strong week. After saying that gold bears were firmly in control last week, Wagner touches on some key levels for the yellow metal. "The $1,232 level was critical level to hold, and we did hold that level after we broke $1,262," he says. "The next level up would be $1,288, and that's the number we'll be looking for before we can say what we're witnessing isn't just short-covering and a little bit of safe-haven buying." Gary also touches on the growing tensions in Iraq before taking you through his inserts on this week's edition of Chart This! Kitco News, June 13, 2014.