Kitco News, Released on 9/16/24

Jeremy Szafron, Anchor at Kitco News, interviewed Gary Wagner, Editor of thegoldforecast.com, as gold reached all-time highs near $2,600. Wagner provided in-depth technical analysis, highlighting how gold’s bullish momentum was confirmed by its positioning above key moving averages—50-day, 100-day, and 200-day—signaling potential for further gains. The interview covered the Federal Reserve’s rate cut decision, which could drive gold even higher, with Wagner projecting gold could reach $2,625 to $2,650. Wagner also discussed key support and resistance levels, along with silver’s underperformance compared to gold.

00:00 – Introduction & Gold Hits All-Time High
01:25 – Gold’s Historic Move: $2,600 and Beyond
03:45 – Impact of the Federal Reserve’s Rate Decision
05:20 – Technical Indicators: Moving Averages and Gold’s Trend
07:35 – Short-Term Projections for Gold
09:15 – Fed Rate Cut Expectations and Gold Sensitivity
11:40 – Key Support and Resistance Levels for Gold
13:50 – RSI: Is Gold Overbought?
15:40 – Silver’s Lag Behind Gold
17:55 – Final Thoughts & Gold’s Future Outlook

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