Gold has broken out of its multi-week consolidation pattern, confirming a new bullish trend is underway. The U.S. Dollar has “melted through” long-term technical support, providing the fuel for a rally across the precious metals complex. With gold and silver pushing to new highs, is this the start of a parabolic move?
Gary Wagner, editor of TheGoldForecast.com, joins Jeremy Szafron to break down the critical chart patterns in gold, silver, and the U.S. Dollar. Wagner explains why the breakout from a “symmetrical triangle” is the final signal he was waiting for and reveals his stunning long-term price forecast. Wagner says, “My upper level target… is $3,700 plus for a Troy ounce of gold.”
Key Topics:
-Gold’s “symmetrical triangle” breakout
-Silver’s catch-up rally to 10-year highs
-The U.S. Dollar’s “extremely bearish” long-term outlook
-Gary’s new Gold price target: $3,700+
-Silver’s next price targets: $42 and $44
-The Dollar’s downside targets: 95, 90, and 89
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Gary Wagner on X: @goldforecast (
00:00 Introduction
00:56 Technical Analysis with Gary Wagner
01:19 Breakout Signals and Predictions
02:08 Gold’s Recent Performance
07:14 Silver’s Surge and Analysis
10:19 US Dollar Impact on Precious Metals
13:35 Long-term Trends and Predictions
17:38 Market Sentiment and Strategy
18:34 Conclusion and Final Thoughts
#Gold #Silver #GaryWagner #KitcoNews #GoldPrice #TechnicalAnalysis #SilverPrice #PreciousMetals #DollarIndex #GoldForecast #ChartThis
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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33 Comments
Gary Wagner just revealed his new long-term gold price target:
$3,700+ per ounce. He believes the breakout from the "symmetrical triangle" is the final signal for the next major leg up.
QUESTION FOR YOU: Do you agree with Gary's forecast? What is YOUR year-end price target for gold?
Let us know in the replies!
Aged well!!!
Wow today it hit 3725🇮🇳 spot on gary but came too fast
GOLD or XAU at $3700?
Now there is no ceiling for gold price folks, buy only 24k physical gold.
This aged well
Jeremy despite being an excellent journalist,, you look hot.
Is now the right time to buy physical gold or wait?
Jermey has been growing on me. He does a very nice job.
Gold 5009 $ september 2026/ may 2027 🤔🚨
🙏👍🤓
Booooo 👎🏽👎🏽👎🏽👎🏽 stop pumping out worthless content and start telling how they're continuing to manipulate the true prices of over 50k an ounce
3576 maximum then rejection
I think your E is actually C because the original C didnt hit the limits
I think Gary knows his price prediction is on the extreme low end of a very wide range of higher outcomes for gold.
The US Dollar index should go to $50.00 in 6 months.
Just buy ETH, afaik it has less inflation than gold, when digital it has much better verification too. Physical gold is not easily divisable.
Great information here!!
Great!
Thanks Jeremy
Thanks Guys – Gary your technical insights appreciated!
Gary, The Fattest Samurai
Thanks for keep bringing this amazing human being
✨️🇺🇸✌️
Gold should already be well over $5k/oz and silver should be around $200/oz. The suppression is ridiculous.
Gold is going down and Gary knows it.
Money empowers daily ��
I like him
Tell me the difference between this and studying entrails? I'm a believer
You need to say what day you are recording your video. Every video. As a listener, not knowing what day it was recorded is very frustrating.
If you forget to mention it during the video, add it to the description. Every time!
But I love your videos Jeremy! 👍🏼👍🏼
Edited to add: it appears this video was made today, the same day published. Jeremy: it would be helpful if you began today’s video saying something like, “Gold had a decent move today, and silver had a much bigger move, finishing up X% in gold, andX% in silver. Today is August 29th, Friday.”
I’m loving this 3,516 close on Friday 🎉
Gary Wagner, Charting Legend.
Gary is awesome. he has nailed these for past 2 years.
Silver one year up to 130
Silver to 47 then 63, then 78