Kitco News, Released on 7/17/26 (Recorded on 7/16/26)

Gold dropped below $4,000 for the first time in months. Kitco technical analyst Gary Wagner breaks down where gold’s new support levels sit, why this has become a Federal Reserve and interest-rate story more than a geopolitical one, and the two lines that decide gold’s next move. Kitco News anchor Jeremy Szafron speaks with Gary Wagner of The Gold Forecast about gold’s break below $4,000, his revised downside support near $3,900, the $4,200 level that would flip the chart back to the bulls, why silver is falling faster than gold, whether a rate hike is now more likely than a rate cut, and if the multi-year gold bull market is rolling over or simply correcting.

0:00 Gold Back At $4,000
0:38 Did The $4,000 Floor Break?
2:32 Gold’s Key Support Levels
5:25 The Fed: Rates vs Inflation
10:45 A Bounce, Or A Real Recovery?
12:37 Silver Leads The Move Lower
15:30 The $6,000 Gold Target Revisited
17:07 Bull Market: Pullback Or Rollover?
21:54 Summer Trading Seasonality
23:11 Wrap Up: The Key Lines To Watch

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, investing, silver, trading