Video News/Chart This with Gary Wagner

Gary Wagner, Editor of TheGoldForecast.com, says technical indicators continue to support a strong upward trend in precious metals despite expectations for higher interest rates. Speaking with Kitco News anchor Jeremy Szafron, Wagner analyzed gold’s recent move higher following stronger-than-expected U.S. jobs data and outlined the Elliott Wave structure he believes is driving the current bull market. Wagner said the chart pattern supports a potential move toward $6,000 gold by year-end and discussed how increasingly steep rally phases can develop during late-stage advances. He also examined silver’s breakout above $80, identifying additional resistance levels near $90, while reviewing signals from the U.S. Dollar Index and gold mining equities. Wagner emphasized the importance of key technical support and invalidation levels as volatility in the metals market continues to increase.