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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.
Gold goes up following ECB, what will happen after nonfarm? Kitco News speaks with Gary Wagner to talk about employment data and how he expects the report to affect gold prices. Wagner also discusses critical levels he is looking at for the metal. Last week, Wagner said he was looking for a close above $1,262 because anything below that would indicate continued downside pressure for gold. The next critical level for Wagner is $1,232. "If it does not hold, [gold] might make a play for $1,181, which is the next level of support," he adds. Wagner says the bears are 'running the show' and expects Friday's employment data to be neutral or a little bearish for gold. Tune in now to hear his in-depth analysis of the gold market for the rest of this week. Kitco News, June 5, 2014.
Kitco News heads into the weekend with Gary Wagner to discuss gold's lower prices and to see what the charts are telling him! "I don't know about the $1,000 level," he says when asked if gold could reach that price point. "The critical number to me is $1,262." However, Wagner says that if that level cannot hold and the market continues under pressure, he will be looking at $1,232 for the metal. Tune in now to get his in-depth analysis of the gold markets and learn how he uses key technical tools to determine price points for the metal. Kitco News, May 30, 2014.
Kitco News is back with Gary Wagner to talk about his key levels for gold and how he sees the market set up for the coming week. Last week, Wagner was looking for the $1,268 level to hold and said a breach on the downside would be negative for the gold market. "We're really seeing a [gold] market that is being driven by events as opposed to economic factors alone," he adds. On this edition of "Chart This!" Wagner will be teaching viewers how to find particular support & resistance levels in the gold market as well as look for signs as to whether or not the market is forming a base in this area. "I do not believe we have sustained any critical long-term damage [in gold]." Tune in now to get some of Gary Wagner's exclusive insights on the gold market. Kitco News, May 9, 2014.