‘I’ve Never Seen This in Gold Before’: Why It’s Happening & What’s Next | Gary Wagner

Gold just posted its strongest weekly performance in five years, blasting through $3,240 an ounce before pulling back – and veteran technical analyst Gary Wagner says this move is unlike anything he’s seen in decades. With volatility rising across stocks, currencies, and bonds, 

In this interview, Gary Wagner, Editor of TheGoldForecast.com, joins Jeremy Szafron, Anchor at Kitco News, to explain why this breakout is different, how the charts signal continuation, and where gold may be heading next. Wagner warns that gold is forming a powerful new base – and the next leg higher may already be underway. Wagner also dives into the unusual dislocation between the U.S. dollar and Treasury yields, outlines key Fibonacci targets, and gives tactical advice for active traders right now.

Key Topics: – Why Wagner texted: “I’ve never seen this in gold before”

 – The meaning of back-to-back parabolic moves on Heikin-Ashi charts

 – Why $3,000 is now critical support and not just a milestone

 – How tariffs, debt, and geopolitics are fueling gold’s next wave

 – The technical case for $3,400, $3,500 

— or higher – Why the dollar is breaking down despite rising Treasury yields

 – What traders should watch: momentum setup vs consolidation base

 – Key support and resistance levels for short- and long-term positioning

00:00 Introduction

01:34 Technical Analysis on Gold's Performance

01:51 Hank and Ashi Chart Analysis

03:49 Continued Market Analysis and Predictions

04:40 Implications and Future Projections

13:08 The Role of the Dollar

15:07 Closing Thoughts and Advice for Traders

17:34 Conclusion 

This interview was recorded today (April 15, 2025) at 9:00AM HST (3PM ET). It contains my latest analysis, and technical commentary on gold and the dollar. It addresses why I see technical evidence to support June gold futures trading as high as $4500 within the next 60 days!