Gold Approaches Crucial Fibonacci Milestone: Gary Wagner Eyes Upward Potential

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Kitco's resident technical analysis expert, in this episode of 'Chart This with Gary Wagner.' They begin with the current trends and future outlooks for precious metals and cryptocurrencies. Wagner provides insights into the technical indicators shaping the markets for gold, silver, and Bitcoin, and discusses how geopolitical tensions and economic uncertainties are influencing investor behavior.
Watch as Gary Wagner explains complex technical patterns like Fibonacci retracements and flag formations, giving traders and investors the tools they need to navigate these volatile markets.
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Gary Wagner on X: @garyswagner ( / garyswagner )
00:00 - Introduction
01:19 - Discussion on Gold's Current Market Position
03:42 - Technical Analysis of Gold's Price Movements
06:09 - Impact of Geopolitical Tensions on Gold
07:35 - Transition to Silver Market Analysis
11:19 - Economic Factors Influencing Silver Prices
16:29 - Examination of the U.S. Dollar's Influence
18:51 - Insights into Bitcoin's Recent Market Corrections
#KitcoNews #GaryWagner #GoldMarketAnalysis #SilverTrading #BitcoinTrends #TechnicalAnalysis #InvestmentStrategy #PreciousMetals #CryptocurrencyMarket #goldprices #silverprice #commoditiesmarket
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Пікірлер: 98

  • @GBLahLah
    @GBLahLahАй бұрын

    Gold makes me laugh. I love gold and have held for over twelve years. Those twelve years has taught me not to bother looking at the price. Best wishes to all.

  • @mtpeterteacher755

    @mtpeterteacher755

    Ай бұрын

    Yup same here. Until recently, Gold and Silver both. At least now Gold is stirring from its slumber. However, Silver may actually have died. The next 12 years will tell!

  • @Radio280

    @Radio280

    Ай бұрын

    Do u still have it?

  • @gregbarnes7247

    @gregbarnes7247

    Ай бұрын

    that its broken out of a 12 year consolidation is huge!

  • @dzezonja3558

    @dzezonja3558

    Ай бұрын

    @@mtpeterteacher755I don’t think gold will die, it’s used way too much and demand is increasing. One of the increased demands are computer chips and with rising AI the demand will only continue to go higher.

  • @deeeeeeps

    @deeeeeeps

    Ай бұрын

    Then what are you doing watching this video?

  • @superstar5123
    @superstar5123Ай бұрын

    curious about golds price at the end of this year

  • @riley5329

    @riley5329

    Ай бұрын

    It will be $2400 or higher.

  • @trailguy

    @trailguy

    Ай бұрын

    Depending on the election, it will either go up, or go up. If I traded it instead of accumulating it, I’d probably be planning to sell around year end but soon buy back in when it becomes obvious that things are continuing to get worse with the u.s. and world economies.

  • @thereignofthezero225

    @thereignofthezero225

    Ай бұрын

    Hope it goes down because I'm not buying at these prices

  • @user-gh8oe5bt5g

    @user-gh8oe5bt5g

    Ай бұрын

    @@thereignofthezero225 Yea don t buy , then BRIKS+ in october say about their new money , and you ask yourself why i not buy bitcoin at 27 $ again :))))))))

  • @MICLakVER

    @MICLakVER

    Ай бұрын

    ​@@thereignofthezero225it will rise and you just wait and cry latter

  • @StockGenius152
    @StockGenius152Ай бұрын

    Wow, go out on a limb with 2500 by year end, we were almost there last month. I think when gold was 2100 he was calling for 2200 year end 😂

  • @HML-it7te
    @HML-it7teАй бұрын

    GO GOLD you heavy shiny thing…hope your brother joins the party too (Silver);)

  • @NicolasCorte
    @NicolasCorteАй бұрын

    What about the suppression by manipulation of the prices that we've been dealing with like forever? Did you add that to your analysis?

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    “Suppression” This is the copium from bugs who can’t understand why ‘record buying’ doesn’t move price 😂

  • @NicolasCorte

    @NicolasCorte

    Ай бұрын

    @@imconfused1237 "choose your label" buying = buying. There is buying and selling.

  • @QuangNguyen-pf3eh

    @QuangNguyen-pf3eh

    Ай бұрын

    Hard to suppress when central banks are buying.

  • @vincentyeo88

    @vincentyeo88

    Ай бұрын

    No suppression of prices in all supermarkets. Prices always go up. Lol. 🙃🤣

  • @angelika1586
    @angelika1586Ай бұрын

    thank you kitco and Gary Wagner - so great to see you and ty for the analysis

  • @ClifHigh-Handle

    @ClifHigh-Handle

    Ай бұрын

    You’re welcome

  • @theinflationsituation8870
    @theinflationsituation8870Ай бұрын

    You the man, Szafron!

  • @ryr635
    @ryr635Ай бұрын

    Gary Wagner always an excellent technical analyzer! His graphs are pinpoint laid out, makes forecasting on point sometimes!

  • @vincentyeo88

    @vincentyeo88

    Ай бұрын

    technical analyst

  • @mabusii5522
    @mabusii5522Ай бұрын

    Interesting. Thanks for the bit coin analysis.

  • @christophermckenney4858
    @christophermckenney4858Ай бұрын

    That was a great session. Keep up the good work

  • @Blood_Candles
    @Blood_CandlesАй бұрын

    i would love to see hugh hendry and george gammon on kitco, great content as usual guys.

  • @E_incognito
    @E_incognitoАй бұрын

    What a great guy . I wish everyone were like him.

  • @gordonipock9385
    @gordonipock9385Ай бұрын

    I like me some Gary Wagner.

  • @TonyL-gw4qx
    @TonyL-gw4qxАй бұрын

    Technicals really are worthless with endless money printing along with paper markets controlling everything with the market maker!

  • @larrykornze7970
    @larrykornze7970Ай бұрын

    Great technician.

  • @thereignofthezero225
    @thereignofthezero225Ай бұрын

    Its the ninja turtle!

  • @EdmondPatton-iv8ho
    @EdmondPatton-iv8hoАй бұрын

    I know nothing about trading /°investment and l'm keen on getting started. What are some strategies to get started with?

  • @darinmullins4770

    @darinmullins4770

    Ай бұрын

    Do you own the physical , if not how much cash are you willing to spend ? If under 5 grand start with silver . If more, do not buy all at once , cost average and buy on dips ( it is generally lower certain times of year also ) . For every troy oz of gold have a larger holding in silver . Gold bullion bars for bulk , gold eagles for recognition and real money . Antique gold coins for confiscation reasons to protect you . Ok , now silver , bullion silver rounds for bulk , constitutional 90 % quarters for trade and bartering for food , ect . Possibly USA silver eagles , Canadian Mayple leafs and maybee mexican libertads ( very pricey though ) only because they are recognizable money in north america . I would stack these the least in my oppinion . And at the end of the day remember it may not matter what you hold you will probably get melt value for them so purchase the cheapest and then most recognizable next . Do not buy the mercury dimes ! They will sell them for the dollar face value and buy them buy the wieght ripping you of because they have been in circulation they are worn slick wieghing less , there for less money . I would only barter mercury dimes . The pre 1964 roosevelt dimes are a better choice , if the dates are difficult to see look at the edges of the dime you can tell they are silver . Do not sell to pawn shops bad idea . Watch yankee stacking , silver dragons , lynett zang , mike maloney , bill holter on you tube for great advice . 👍

  • @riggs808
    @riggs808Ай бұрын

    Hawaii needs to get rid of sales tax on gold and silver

  • @gregbarnes7247
    @gregbarnes7247Ай бұрын

    This guy is agreat chartist. no bs. i like it.

  • @Grams_
    @Grams_Ай бұрын

    It’s comic guy from the simpsons lol😂 these charts are interesting though

  • @gantchogantchev9385
    @gantchogantchev9385Ай бұрын

    GOLD is soon going to brake psychological barrier of 2500 and from there on ascending path might be unstoppable and no prediction can guess the price/value it might achieve

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    It doesn’t work like that, grandpa.

  • @stevo9924

    @stevo9924

    Ай бұрын

    I think your confused yes it dose coca has shown u the way inflation is going ,12k from 1k 😅 This is how inflation is going gold will follow and protect your 🤑 ​@@imconfused1237

  • @marianhof9755
    @marianhof9755Ай бұрын

    Keep predicting precious metals breakout but always seems to pull back along with the miners.

  • @gimmeshelter1969

    @gimmeshelter1969

    Ай бұрын

    The gold price manipulation is back in play; we'll have to wait and see how long they can hold it down this time around. But it will eventually move higher when the Fed is forced to cut rates.

  • @riley5329
    @riley5329Ай бұрын

    Gary is not factoring in WWIII sometime in the next year.

  • @jmwSeattle
    @jmwSeattleАй бұрын

    IDK how you get confused between millions and billions!!

  • @832elf
    @832elfАй бұрын

    $63,000 per ounce? No not ounce. But we still like Gary bring him back often.

  • @JamesLIsbell
    @JamesLIsbellАй бұрын

    👍

  • @siiwok
    @siiwokАй бұрын

    BUYING DGP GLD NEM and bitcoin

  • @Vinn_C
    @Vinn_CАй бұрын

    How can they cut with gold at 2350 2400 This is bad

  • @RobertojavierSilvaharth-ub3pz
    @RobertojavierSilvaharth-ub3pzАй бұрын

    I wonder if Fibonacci ever thought about his theory as people use it today. Frankly, I doubt it!!

  • @silviofontana5144
    @silviofontana5144Ай бұрын

    roll the dice, no-one can predict the price of gold. Its too complex and too many influencing factors, But, you will not loose when investing in gold

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    Oh you absolutely will. There is an opportunity cost attached to ‘investing’ wealth into benign assets, whilst others generate a far greater yield. Few seem to know this.

  • @deanmyers453
    @deanmyers453Ай бұрын

    uh

  • @jamesbaca6723
    @jamesbaca6723Ай бұрын

    I sold my old unreliable, Money pit VW Micro Bus in Oct 2023 and bought 20 oz of gold with the $$ and about 6 oz more since then. Local coin shop made fun of me at the time claiming I waited till peak of the market to get in. Who is laughing now

  • @andrecastro9858
    @andrecastro9858Ай бұрын

    I'm betting $AMS66P will perform well

  • @qeitkas594
    @qeitkas594Ай бұрын

    Did Fibonacci predict also the breakout in March? No I guess not. All these price actions are triggered by big heads in governments and will continue to do so. Algo's just influence short term swings based on news item parameters like job report, interest rate decision.

  • @sawtoothbygeorge
    @sawtoothbygeorgeАй бұрын

    Beads and seeds are better money than Bitcoin, in my opinion. The central government breaks and will break contracts and treaties with impunity.

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    Your opinion lacks education 😊

  • @sawtoothbygeorge

    @sawtoothbygeorge

    Ай бұрын

    @@imconfused1237 You know nothing about me.

  • @ILLUMINATOR49
    @ILLUMINATOR49Ай бұрын

    Intelligent people need to enlighten you regarding price. ALL TIME HIGH, is very misleading if you don’t understand difference between NOMINAL and ADJUSTED FOR INFLATION. Duh, Duh🤔

  • @jonmorgan1987
    @jonmorgan198728 күн бұрын

    Its funny how silver is the only thing that makes everyone run out of the store when its on sale.

  • @rxtoken5435
    @rxtoken5435Ай бұрын

    Love bitcoin, but it’s too new of an asset class - unproven yet when things get real (ugly). If the market goes south, Gold is the only play to run with any real confidence. Holding Bitcoin until the elections, then moving into tbills. If market crashes, then moving all in on gold!

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    Actually, Bitcoin is now 15yrs old and is rapidly maturing into the most existing asset class within global finance. It depends what you want. Are you happy just being the slow, boring snail or do you want to change your life? Everyone makes their own choice.

  • @bawellwater
    @bawellwaterАй бұрын

    wen 5k

  • @benjaminmoore528
    @benjaminmoore52824 күн бұрын

    And you did not even mention the $35 trillion America owes should that not alone make gold go over 10,000 an ounce

  • @sawtoothbygeorge
    @sawtoothbygeorgeАй бұрын

    I understand the use of chart and other technical tools but are technical indicators nothing more than pseudo economics? Nothing is or seems to be real anymore.

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    Trading has always been a matter of mathematics. How else do you think funds forecast portfolio yield; what do you think the algorithms contain? Macro shock - geopolitical, geological, whatever - is always the outlier and markets very quickly absorb and adjust. Those who think influence is long term haven’t a clue.

  • @ykhov
    @ykhovАй бұрын

    Talking about fib level is maximum cope.

  • @masonite1973
    @masonite1973Ай бұрын

    It's not geopolitical tension, its monetary and debt, central bank accumulation

  • @imconfused1237

    @imconfused1237

    Ай бұрын

    They’re not accumulating anything, mate.

  • @masonite1973

    @masonite1973

    Ай бұрын

    @@imconfused1237 google it mate

  • @farhaadrazack8183
    @farhaadrazack8183Ай бұрын

    The whole world must dump the US dollar now

  • @chrisr6950
    @chrisr6950Ай бұрын

    how does this shyster keep getting paid for interview

  • @indignant_gimp

    @indignant_gimp

    Ай бұрын

    Other shysters involved need help selling metals at high premiums. Yeah - it's a FIBonacci thang. 👍Emphasis on FIB.

  • @thousandaireradio3199
    @thousandaireradio3199Ай бұрын

    46 seconds in and still not getting on with it? How much time do you think everyone has? There is more content than we will ever be able to watch. Maybe consider that while babbling. 😂

  • @divineashler
    @divineashlerАй бұрын

    This guy is so confused, can't remember simple things and he is a tech advisor?

  • @frankdattilo1836
    @frankdattilo1836Ай бұрын

    Is Gary, Janet Yellin paternal twin😅.. checkout the speech pattern & facial resemblance

  • @mikemarkowski4547
    @mikemarkowski4547Ай бұрын

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