Will Gold's Rally Hold Or Crash Next? Trader Reveals New Targets | Gary Wagner

Watch on YouTube ↗  |  April 20, 2026 at 17:02  |  34:48  |  The David Lin Report
Speakers
Gary Wagner — Editor, TheGoldForecast.com
David Lin — Founder & Host, The David Lin Report / ex-Anchor, Kitco News

Summary

Gary Wagner, editor of TheGoldForecast.com, discusses the outlook for gold, silver, and crude oil with host David Lin. He uses Elliot wave analysis to predict that gold and silver will reach new all-time highs in the coming months, with gold targeting above $5,600. He also comments on the unusual inverse relationship between oil and gold and the impact of Middle East tensions on oil supply.

  • Gary Wagner expects gold to exceed $5,600 in 3-4 months based on Elliot wave analysis.
  • He also forecasts silver to reach new all-time highs this year, following a similar technical pattern.
  • Wagner notes the current inverse correlation between crude oil and gold is atypical and may revert if Middle East tensions ease.
  • He suggests that oil prices could decline if the Strait of Hormuz remains open, easing supply delivery issues.
  • The discussion includes the impact of oil prices on inflation and Federal Reserve policy.
  • Wagner shares observations on how high oil prices affect living costs in Hawaii.
Trade Ideas
Gary Wagner Editor, TheGoldForecast.com 4:26
Gold to exceed $5,600 in 3-4 months.
Gold has completed an ABC correction after hitting an all-time high in January, and is now in a new motive phase (Elliot wave count) that should take it above $5,600 over the next 3-4 months, possibly up to 6 months.
GOLD HIGH
Gary Wagner Editor, TheGoldForecast.com 11:35
Silver to reach new all-time highs.
Silver has also completed an ABC correction and is in a new motive phase, similar to gold, and will reach new all-time highs this year, having previously rallied 165% from late October to January.
SILVER MED
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This The David Lin Report video, published April 20, 2026, features Gary Wagner discussing GOLD, SILVER. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Gary Wagner  · Tickers: GOLD, SILVER