Gold Forms ‘Lower High’ at $4,200: Gary Wagner Warns of Bearish Pivot if $3,900 Breaks

Nov 17, 2025  Market Updates and Analysis - Gold is currently up over 50% year-to-date, but a recent "lower high" formation has signaled a potential shift in momentum. 

00:00 Introduction and Current Gold Market Overview 

01:05 Gold Market Lessons and Insights 

01:35 Technical Analysis: Sequential Nine Pattern 

02:18 Fibonacci Retracement Explained 

03:39 Bullish vs. Bearish Trends 

04:16 Concerns: The "Lower High" at $4,200 

05:09 Historical Gold Price Movements 

06:49 Current Market Sentiment and Predictions 

08:59 Impact of Federal Rate Cuts 

17:21 Silver Market Analysis: The $54 Double Top 

21:30 Future Projections: $4,500 Target for Q1 2026

  24:27 Gary Wagner's Final Thoughts 

25:50 Conclusion and Subscription Reminder

Jeremy Szafron, Anchor of Kitco News, interviews Gary Wagner, Editor of TheGoldForecast.com, to break down the critical technical levels defining this market.

After successfully calling the local top at $4,400 using a "Sequential Nine" exhaustion signal , 

Wagner warns that the recent failure to hold the rally at $4,200 is "not what you want to see". He identifies a crucial "line in the sand" at $3,900 —warning that a break below this level could signal a deeper trend reversal.

In this detailed technical analysis, Wagner also examines Silver's "clear as day" Double Top at $54  and outlines the specific support levels ($49 and $47) that must hold to keep the bull run alive. Despite the short-term caution, Wagner reveals his bullish roadmap for Q1 2026, targeting $4,500 for Gold if the current consolidation resolves to the upside.

IN THIS INTERVIEW:
-The "Sequential Nine" Signal: How Gary called the $4,400 top.
-The "Lower High" Danger: Why the failure at $4,200 raises bearish concerns.
-Silver's Double Top: Analyzing the violent rejection at $54.
-2026 Price Targets: 

The path to $4,500 Gold in Q1.

Recorded: November 17, 2025

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