Gold Targets $2,600 Before Year-End In The Charts—What About Silver?

Submitted by Gary S. Wagner on Monday, August 19, 2024 - 19:13.

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of TheGoldForecast.com, to discuss the recent movements in gold and silver markets. Wagner dives into the charts to explore whether gold is on track to reach $2,600 by year-end, with potential momentum to hit $2,700 in early 2025. Wagner also provides insights into silver's performance, breaking through the $29 mark, and examines key resistance levels and market indicators that suggest where these precious metals could be headed next.

00:00 - Introduction

01:00 - Revisiting Wave 3

03:00 - Gold’s Path to $2,600

05:00 - Key Technical Indicators

07:30 - Potential Corrections Ahead

09:30 - Silver’s Breakthrough

11:00 - Gold/Silver Ratio Insights

12:30 - Rate Cuts Impact

14:00 - Conclusion

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