Gold’s Bullish Charts Explained: Gary Wagner on What to Expect from the Market Now

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of The Gold Forecast, as gold prices approach record highs near $2,600. Wagner offers detailed technical analysis, emphasizing gold's bullish momentum with its position above the 50-day, 100-day, and 200-day moving averages, signaling further potential gains. The conversation explores how the Federal Reserve’s anticipated rate cuts could push gold even higher, with targets between $2,625 and $2,650. Wagner also discusses crucial support and resistance levels and silver’s lagging performance relative to gold.

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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

#Gold #GoldPrices #MarketUpdate #TechnicalAnalysis #FederalReserve #InterestRates #PreciousMetals #Investing #FinancialNews #StockMarket #GoldForecast #SilverPrices #InvestmentStrategies #Commodities #SafeHavenAssets #garywagner
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