Gold Breaks Support: Mapping The Final C-Wave Correction

Submitted by Gary S. Wagner on Thursday, March 26, 2026 - 18:02.

Recorded on Mar 26, 2026 ---With gold pulling back to test its 200-day moving average and silver flashing oversold momentum, technicians are mapping the structural damage to the precious metals complex.

Gary Wagner, editor of The Gold Forecast, joins Kitco News to break down the final C-wave correction in gold and the 78% Fibonacci retracement level holding silver. Wagner outlines how the ongoing macro shocks—including Brent crude surging past $108 a barrel and Turkey's central bank liquidating 60 tons of gold for liquidity —are fundamentally driving the charts.

He also details what needs to happen geopolitically for gold and silver to decouple from rising bond yields and catch a safety bid.

Chapters:

01:24 ABC Correction Breakdown

02:53 Key Support Levels

04:43 Oil and Fed Pressure

07:20 Crude Chart Resistance

09:40 Silver Technical Damage

11:46 Central Banks as Liquidity

13:18 What to Watch Next

17:10 Wrap Up and Viewer Call