Trader Called Gold Price Explosion; Now Has Shocking Update | Gary Wagner

Summary

Gary Wagner reviews his prior gold forecast and explains why gold ran to $4,000 faster than he expected. He remains longer-term bullish but expects a near-term correction after the parabolic move, with $4,000 as resistance and $4,100-$4,200 as upside potential if gold breaks out. On silver, he sees near-term consolidation between roughly $47 support and $48.50 resistance, with a break below $47 risking $45, while still expecting silver to follow gold and outperform on rallies.

• Gary Wagner says gold's recent move is near-parabolic and driven by expectations of a more accommodative Fed.
• He remains longer-term bullish on gold but sees a likely near-term correction toward $3,890, $3,800, or as low as $3,700.
• Gary identifies $4,000 as key resistance and sees upside potential to $4,100-$4,200 if gold breaks above it.
• He expects silver to consolidate with resistance near $48.50 and support near $47.
• A sustained silver close below $47 could open a test of $44-$45, while a sustained close above $50 seems unlikely near term.
• Gary expects silver to follow gold's direction over time and outperform gold on rallies.
• The video also includes technical chart analysis, Fibonacci levels, and a sponsored segment on First Mining Gold.