Video News/Chart This with Gary Wagner

Gary Wagner, Editor of The Gold Forecast, says gold and silver markets are approaching a critical technical inflection point as geopolitical tensions and currency volatility collide with aggressive technical selling. Speaking with Kitco News, Wagner analyzed gold’s recent retreat after reaching a high above $5,400 and explained how large daily price swings are testing key structural support levels across the metals complex. Wagner said he is focusing on the “real bodies” of candlestick charts rather than the extreme intraday “wicks” to identify meaningful technical support. He also highlighted rising oil prices as a leading indicator for global markets and pointed to the recent surge in the U.S. Dollar Index as a factor weighing on precious metals. Wagner discussed the possibility of an “A-B-C correction” in gold while noting that silver currently shows stronger internal technical momentum within the broader precious metals market.