If Gold Closes Below $4,127, His Bullish Model Is Dead - Gary Wagner
If Gold Closes Below $4,127, His Bullish Model Is Dead – Gary Wagner
Gary Wagner says gold’s two-day recovery after the hot inflation report could mark a turning point, with a year-end forecast of $4,800 to $5,000. But his model has one clear line where it fails. In this video we cut the key moments from Gary Wagner’s interview with Kitco News: the engulfing bullish candle pattern, the confirmation rules, his Elliott wave count, the $4,127 level that would invalidate his model, and his outlook for silver, the dollar, oil and the Fed. After the interview clips, our own evaluation separates what holds up from what is still a forecast. Wagner is a technical analyst, so we look at where his chart reading is clear and where it depends on assumptions, including rates and the silver target.
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