Gold’s Sharp Selloff — Shallow Correction or Major Trend Reversal? - Charts Gold, Silver

Submitted by Gary S. Wagner on Wednesday, April 24, 2024 - 17:09.

Jeremy Szafron, Anchor at Kitco News, interviews technical analyst Gary Wagner about the recent movements in gold and silver prices. Wagner dives into the factors driving the declines and surges in precious metal markets, including geopolitical tensions, profit-taking, and technical trading patterns. Watch as Gary provides technical analysis using candlestick charts, discusses the implications of Middle East tensions on precious metals, and forecasts potential future movements based on technical indicators and macroeconomic factors.

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00:00 - Introduction

00:56 - Geopolitical Impacts on Precious Metals

01:22 - Analyzing Recent Price Declines

01:59 - Market Corrections Explained

02:23 - Impact of Geopolitical Tensions Easing

03:19 - Technical Analysis and Future Predictions

04:17 - Influence of the Federal Reserve

07:15 - Understanding Market Movements

16:12 - Conclusion and Final Thoughts

Recorded Apr 22, 2024 #PreciousMetals #TechnicalAnalysis #gold