The "A-B-C" Mystery: Gary Wagner on the "Brutal and Quick" Gold Correction

The gold and silver markets are hitting a major pivot point as extreme geopolitical volatility clashes with a wave of aggressive technical selling. After gold touched a peak of $5,434 following the escalation of conflict in the Middle East, the metal has retreated significantly, testing critical support levels amid massive daily price swings of up to $200. 

In this episode of Chart This recorded March 9, 2026, Gary Wagner, Editor of The Gold Forecast, explains why he is strictly ignoring the "unsustainable" daily wicks and instead focusing on the "real bodies" of the candlesticks to find the true market floor. 

We also dive into the 38% surge in oil prices this week—which Gary identifies as the primary "leading indicator" for all asset classes—and the "highly exaggerated" 4% jump in the U.S. Dollar Index (DXY) that is acting as a massive anchor on the metals complex. 

From the possibility of an "A-B-C correction" to silver’s surprising internal strength, this interview provides the roadmap needed to navigate these unique and volatile times.

CHAPTERS

0:00 - Introduction: Gold's Major Pivot Point 

1:45 - Trump’s Iran Comments and Market Stability 

2:45 - Technical Selling vs. Flight to the Dollar 

4:30 - Why Gary Ignores the "Wicks": Finding the Real Floor 

6:15 - The Strait of Hormuz and the $150 Oil Threat

8:00 - Silver Analysis: Fibonacci Retracements and Internal Strength 

10:15 - The DXY "Anchor": A 4% Jump in the Dollar Index 

12:30 - The A-B-C Correction: One More Move Lower? 

15:30 - Why Oil is the "Leading Indicator" for All Asset Classes 

17:30 - Strategy for Unique Times: Physical Gold and Non-Leveraged Plays