Kitco News, Released on 5/28/25

Gold surged 33% since December, briefly pierced $3,500, and is now consolidating above $3,300. But veteran analyst Gary Wagner says this isn’t a typical rally – calling it “more than significant,” with technical signals that point to persistent underlying strength. In this Kitco News interview, Gary Wagner, Editor of TheGoldForecast.com, joins Anchor Jeremy Szafron to chart gold’s recent move, decode the signals behind repeated buyer absorption at $3,300, and explain why this run may not be done. Wagner breaks down historical parallels, why the dollar only explains part of gold’s rise, and why inflation, tariffs, and Fed indecision could keep the rally intact. Wagner also reveals the key Fibonacci levels he’s watching, what daily candlesticks suggest about momentum, and what would invalidate the bullish thesis. Is $3,600 next? Or is this a classic summer stall before a year-end breakout?

00:00 Introduction
00:02 Gold’s Recent Performance and Market Drivers
01:33 Interview with Gary Wagner: Technical Analysis
06:27 Gold’s Relationship with the Dollar and Market Trends
14:27 Future Outlook and Key Indicators
17:21 Conclusion

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.

  gary wagner, gold