Gary Wagner: Gold’s Sharp Selloff — Shallow Correction or Major Trend Reversal?

Kitco News, Released on 4/22/24

Jeremy Szafron, Anchor at Kitco News, interviews technical analyst Gary Wagner about the recent movements in gold and silver prices. Wagner dives into the factors driving the declines and surges in precious metal markets, including geopolitical tensions, profit-taking, and technical trading patterns. Watch as Gary provides technical analysis using candlestick charts, discusses the implications of Middle East tensions on precious metals, and forecasts potential future movements based on technical indicators and macroeconomic factors.

00:00 – Introduction
00:56 – Geopolitical Impacts on Precious Metals
01:22 – Analyzing Recent Price Declines
01:59 – Market Corrections Explained
02:23 – Impact of Geopolitical Tensions Easing
03:19 – Technical Analysis and Future Predictions
04:17 – Influence of the Federal Reserve
07:15 – Understanding Market Movements
16:12 – Conclusion and Final Thoughts

Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of “The Gold Forecast,” a daily video newsletter. He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication.

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