Gold Set for a Breakout on the Charts: June Jobs Report Could Be the Catalyst -

Submitted by Gary S. Wagner on Tuesday, July 2, 2024 - 19:47.

Recorded on Jul 2, 2024 #Gold #Silver #MarketAnalysis -- Jeremy Szafron, Anchor at Kitco News, interviews technical analysis expert Gary Wagner about the current dynamics of the gold and silver markets. They discuss the impact of recent comments by Federal Reserve Chair Jerome Powell, the anticipated June jobs report, and crucial technical patterns. Wagner explains how key levels and patterns in gold, like the descending top and support at $2,300, could signal major moves, potentially pushing prices to $2,500. For silver, he highlights the significance of breaking above $32 and the potential for a surge up to $40.

00:00 - Introduction

01:28 - Impact of Fed Comments on Gold

03:25 - Analysis of the Upcoming Jobs Report

04:51 - Technical Patterns in Gold

06:47 - Key Support and Resistance Levels for Gold

09:28 - Potential Scenarios for Gold Movement

10:23 - Transition to Silver Analysis

10:53 - Silver’s Market Behavior and Historical Context

12:21 - Key Technical Indicators for Silver

14:17 - Future Predictions for Silver