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?
Key topics:
– Why Gary Wagner says this rally is “more than significant”
– Technical signals behind $3,300 as strong support
– How this move compares to past gold surges
– Why only 10% of the gain is from the falling dollar
– Lower wicks, smaller bodies: what the candles are telling us
– Why traders are buying dips—and not selling strength
– How tariffs and slower growth are lifting gold
– Next targets: $3,440… $3,600… or a reset?
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Gary Wagner on X: @garyswagner (
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
#Gold #GaryWagner #KitcoNews #GoldPrice #TechnicalAnalysis #Tariffs #Fibonacci #Inflation #SafeHaven #Fed #Dollar #Macro #Trading #Commodities #JeremySzafron #GoldForecast
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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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29 Comments
Do you think gold is building strength for the next breakout above $3,500, or losing momentum here?
Most likely it is going to keep going up. I mean gold goes up when inflation is a problem. Inlfation is still a problem, actually worse since Trump and MAGA got that BBB passed. Which is a huge win if you are rich and an absolute travesty if you are not.
Gold price is being manipulated!!!
alpha + racine TRUMP + cos dollar / température Paris = 2432 USD
They are doing everything possible to collapse the US economy and destroy the US Dollar, and all other nation's currencies, to bring in the global digital cashless money system.
Please focus on the end game bigger picture.
Gold triple bottom
Gold is being bought by central banks and will correct sideways … almost no public involved so selloffs are sideways and time as 200 day moving avg catches up before next move higher – public gets involved whenever the blow off top comes in the last year … we are a few years from that as the parabolic move continues …. 10,000 US will be a piece of cake … probability says much higher
silver?
Gold is establishing a new base for the inevitable move to $7K.
CPI will remain low.
Good q.s, Jeremy. 👏🏻
It’s about to hit $4100 folks
Some countries hold selling gold bars.
🐷🐽🐷 spypiggie here oink, oinks 🐷🐽🐷
Dollar Index was created in March, 1973 at 100 and here we are over 50 years later and it is still around 100 and gold has gone from around $90 in March of 1973 to $3317 as I type this comment. The conclusion is that over the long term gold does not care much for the dollar index which is a comaprison of the dollar versus other rubbish fiat currencies.
4000❤dollar is balding😂
Is Wagner the live-action version of Comic Book Guy on The Simpson's?
Gary had been stellar in his predictions on the gold price lately
Trumps tariffs are excellerating inflation. 😂
l'or fin 2025 Gold 3877 $ l'once
Gold savers are bunch of fools. Bitcoin in 2009 was around $3.15 and is up over 110K….Gold in 2009 was around 1k and is over 3k today…Do the math. Math doesn't lie….
Buying the dip. “Gold is money, everything else is credit”J.P. Morgan.
Great job ❤
Thank you sir for Gold analysis ❤
Gold gonna be around 10 k I can feel it. US government about to issue 500$ & 1000$ notes to ice the cake of devaluing the dollar only poor countries has those big bills in circulation
Gold about to crash
If M2 are well manage gold could be dump by central Banks AND this will end the bitcoin bubble it is all in the hands of central Banks the fiscal crisis everywhere ( NOT ONLY IN THE US) will be difficult to avoid…
thanks. I never pass on Gary's vids
The low price manipulation WILL CONTINUE. Most purchaser's of Gold….ARE NOT BUYING GOLD. THEY'RE BUYING FAKE GOLD (paper certificates and electronic screen shots like GLD).
As long as this continues, REAL GOLD WILL NEVER SEE IT'S TRUE VALUE…..!!