Gold Set for a Breakout on the Charts: June Jobs Report Could Be the Catalyst

Gold Set for a Breakout on the Charts: June Jobs Report Could Be the Catalyst - Gary Wagner

Рет қаралды 34,259

Күн бұрын

Jeremy Szafron, Anchor at Kitco News, interviews technical analysis expert Gary Wagner about the current dynamics of the gold and silver markets. They discuss the impact of recent comments by Federal Reserve Chair Jerome Powell, the anticipated June jobs report, and crucial technical patterns. Wagner explains how key levels and patterns in gold, like the descending top and support at $2,300, could signal major moves, potentially pushing prices to $2,500. For silver, he highlights the significance of breaking above $32 and the potential for a surge up to $40.
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00:00 - Introduction
01:28 - Impact of Fed Comments on Gold
03:25 - Analysis of the Upcoming Jobs Report
04:51 - Technical Patterns in Gold
06:47 - Key Support and Resistance Levels for Gold
09:28 - Potential Scenarios for Gold Movement
10:23 - Transition to Silver Analysis
10:53 - Silver’s Market Behavior and Historical Context
12:21 - Key Technical Indicators for Silver
14:17 - Future Predictions for Silver
#Gold #Silver #MarketAnalysis #FedComments #TechnicalAnalysis #Investment #PreciousMetals #GoldForecast #SilverForecast #EconomicNews #JobsReport #FinancialNews #KitcoNews #GaryWagner #JeremySzafron #GoldBreakout #SilverBreakout #MarketTrends #EconomicOutlook #Investing
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Пікірлер: 91

@rudeawakening3833 5 күн бұрын

Awesome guest KITCO NEWS ! Gary is a very level headed man that does not pump unrealistic expectations . Always appreciated our Hawaiian chart master !

@kdaemi1 2 күн бұрын

I’m posting this on 6 July. Gary was SPOT ON. 👏👏👏👏

@LAStreetPreacher 5 күн бұрын

Here's my prediction. Silver will do one of two things. It will either move higher or it will move lower but it will not remain static. How's that for a prediction?

@Steve-gn4hk 5 күн бұрын

Gary Wagner is one of the best guests 🤌🏼

@bestseedorchard1107 5 күн бұрын

They go on and on repeating the fake data as if it is real. Then don't see that the smashers (manipulators) use data releases as cover for another smash.

@davebellamy4867 4 күн бұрын

11:33 Gary forgot here perhaps that gold and silver ran at different times of year in 2011. The run-up to 50$ silver in early May 2011 coincided with a tepid upmove in gold to 1577$. Then silver crashed but ran back up to 44$ as gold screamed to 1920$ in early September after a mild correction. It was a massive non-confirmation between gold and silver, plus the dollar didn't make a new low on the gold high, so another important non-confirmation there was a sign of the end of the bull market in gold.

@stephenpaul4258 5 күн бұрын

What have interest rates got to do with gold prices where we have the most unstable geopolitical / financial environment in all history. To use the general excuse that its an alternative cost is just ridiculous.

@almostfamous791 5 күн бұрын

Did you read the Feds report on US banks after it did a "stress test"? It was a joke nothing but propaganda even JP Morgan followed up with a letter "Nah, Fed is incorrect". Guess Jamie Dimon is trying to get out in front of this one😂

@davebellamy4867 4 күн бұрын

Traders trade on it, I guess.

@rookie7413 5 күн бұрын

I bought silver @$25 / oz. I am ready to ride! lets go!

@PepeCoinMania 4 күн бұрын

Time to sell

@johnwicksfoknpencil 4 күн бұрын

I’m in at $16 for most of mine and won’t be selling for less than triple digits

@savagefist1029 3 күн бұрын

@@PepeCoinMania Why? Do you have some info about inflation discontinuing or reversing we don't know about?

@samyporrata5840 5 күн бұрын

Food for thought. If gold is denominated in USD. And China Russia and other BRIC nations have been buying it up like freshly baked bread. Wouldn’t there be an incentive to keep the price of gold low as to not enrich countries that pose a threat?

@ALANGREENSPAN420 5 күн бұрын

🚨SILENT🚨DEPRESSION🚨

@almostfamous791 5 күн бұрын

Not so silent

@bellakrinkle9381 5 күн бұрын

@@almostfamous791 Maybe an ignored RECESSION.

@davebellamy4867 4 күн бұрын

Stack those steaks, Alan!🤣👍🥩🥩🥩🥩🥩🥩🥩🥩 On my money, I may have to stack hamburgers. Hopefully grass fed though.

@ALANGREENSPAN420 4 күн бұрын

@@davebellamy4867 that’s the smarter plan! I do love me a medium rare steak though 😍🤤

@danzwiren1492 5 күн бұрын

Gary is an excellent analyst.

@polarroller 5 күн бұрын

Jeremy is a great interviewer.

@user-fo9lq5oc8k 3 күн бұрын

Good work Gary. I charted the same thing last week and noticed how closely the current consolidation pattern mirrors the previous one from December to March. This is precisely why I have been saying there will not be a retreat to lower prices before moving higher. I also am acutely aware of how patterns repeat in a gold bull market.

@scruffdog95 5 күн бұрын

Thank you, as always, for the valuable information, Steve.

@fbazzrea 5 күн бұрын

record silver shortselling is why silver has dropped from 32 to 29. duhhh

@scottyg331 5 күн бұрын

Gary, it’s difficult to see your charts, the contrast isn’t good. On my phone at the gym.

@brian6x 5 күн бұрын

What Gary says seems to match the medium term outlook that Gareth Soloway has released lately but what Gary does not really get into enough is the possible downside in the short term that Gareth speaks about. If it comes down to the Friday jobs report, is there any reason to think that the job market has gotten softer in the last few weeks (for gold and silver to react positively)? "...over recent decades, gold prices have sometimes seen a rise in the New Year and spring, followed by a summer drop or lull, and then a further rise into year-end" Is this seasonality of gold expected to be a factor this year as well?

@cjoe1950 5 күн бұрын

All i see is gold forming a head and shoulders. That's all.

@reddune6185 3 күн бұрын

Let’s hope so..

@user-wz7fo7bt2o 4 күн бұрын

Jeremy Thanks for a terrific interview

@Skiptickle 5 күн бұрын

Gary's my hero. I'm going to start wearing Hawaiian shirts just like him.

@sirloin8745 5 күн бұрын

Nothing moves faster than a false move?

@ALANGREENSPAN420 5 күн бұрын

🍄STACK🥬SEEDS🍄GROW🥬GARDENS🥩STACK🥩STEAKS🥩

@jobbingactor 5 күн бұрын

massive glut of solar panels that need to sell off first, china in a down turn, so silver up? Yes now? umm im not so sure.

@reincarnated96 3 күн бұрын

A couple big storms and they will need to be replaced. There's that.

@garywells9231 5 күн бұрын

This is all fine but what about the continual downgrading of ALL the reports!!

@siiwok 4 күн бұрын

buy DGP, NEM,

@Arteshir 3 күн бұрын

Gary you're looking good younger whatever it was you're doing different keep it going

@jaydee5447 5 күн бұрын

It’s a classic Fibonacci retracement

@Ager1987 5 күн бұрын

Gold set for a major breakout means more likely interest rate will drop and gold price will go up

@PepeCoinMania 4 күн бұрын

This guy has very cool shirts

@lawrencecole6527 5 күн бұрын

So don't buy silver and get out before it collapses unless you believe it will sustain 32+ which ya-right.

@BrandyHeng007 5 күн бұрын

Gold price will peak as BRICS October Summit gets nearer.

@ronaldmiller3619 Күн бұрын

They will come out in 3 months saying job reports were ovetestimated.

@mschroed99 5 күн бұрын

Carbo boy will someday be like a stopped clock!

@pukhrajbhandari4006 5 күн бұрын

gold and silver will go down OR UP In this weak

@silviofontana5144 4 күн бұрын

Being a keen watcher of this channel over the past 6+ months, I have noticed the ever changing reasoning behind the Opinion that Gold will fly to +$2500. First it was the crash of the large tech companies, then the over printing of the US$, then geo political reasons, all along is the underlying notion that the Fibonacci chart is predictable, Now, its Job estimates. Please, give us all a break, have you as yet not run out of ideas?

@bokkenrijder172 4 күн бұрын

‘Bad’ report: gold down $80. ‘Good’ report: gold up only $40. Lather, rinse, repeat.

@mikythesaint6507 4 күн бұрын

Its makes no difference, if we are losing purchasing power out of our fiat currency. Assets are the only answer, whether its bitcoin, Gold, silver anything other than cash in the bank. because when the music stops, the only winners will be the asset rich ones. 😞

@jackspence625 5 күн бұрын

Is gold set for a major breakout, or is the dollar set for a major breakdown?

@ChristTheLover 5 күн бұрын

Both.

@Chainsayongku 5 күн бұрын

Psikologi not same ….dollar is weak papers

@ArapuniWizard Күн бұрын

A very conservative analysis. Silver always increases more than gold. The gold:silver ratio in recent years was about 100:1 or more but now is around 80:1. Silver will always be a better climber than gold, although most "experts" don't mention this.

@ILLUMINATOR49 4 күн бұрын

Remember YESTERDAY PRICES are unrelated to NOW, as significant money printing changes the equation 🙀🖖

@jasonc8307 5 күн бұрын

Lmao 😂😂😂 Been hearing this same lune for over 12 years.

@bazza6534 5 күн бұрын

silver ain't goin anywhere while all the shorts from the four major financial institutions remain. The most shorted metal in the market by a country mile

@d.cad1529 4 күн бұрын

Where’s the swords?

@NoPronoun224 5 күн бұрын

Jeremy/ that ‘stach looks silly.

@jonathonwagner2166 5 күн бұрын

What the hell happened to the katanas? I don't like the new background!

@AhlfieldMontalto 4 күн бұрын

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@LesterAdriana 4 күн бұрын

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@LesterAdriana 4 күн бұрын

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@KimJimCastro 4 күн бұрын

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@TatomWyett 4 күн бұрын

Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

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The very first time we tried, we invested $7000 and after a week, we received $9500. That really helped us a lot to pay up our bills.

@inflationmillionaire-df3mn 4 күн бұрын

an uptick in gold is frontrunning the fed. When the fed pivots i bet gold goes down.

@0mar9 5 күн бұрын

Gary the best

@ronaldmiller3619 Күн бұрын

These are weak jobs. Manufacturing jobs were lost.

@jamesruscheinski8602 4 күн бұрын

God is the federal government, supreme court, president, congress

@georgemao609 4 күн бұрын

Indeed, mother is female !

@abrahams.lincoln6749 5 күн бұрын

👍👍

@danzwiren1492 5 күн бұрын

parabolic....not quite.

@DannyManteca 5 күн бұрын

4th

@robertkarr9792 5 күн бұрын

Good TA... ! Silver top 2012 ~$40 ...what is that in 2024$... $ 50, 60 ??

@autto101 5 күн бұрын

lol, keep reading in between the lines son.

@Discovery2024-rn8kn 4 күн бұрын

Not breaking out any time soon, been hearing this since 2012

@rogerhagen305 23 сағат бұрын

Thank you for confirming that a break out is coming soon.

@robertb2748 4 күн бұрын

General Vernez and Lorenzo Hutter from Switzerland Army and POlice (Worst Genociders ever (!!! ) causing Meteo Disasters World Wide. But also Bitcoin value Manipulation, after Bitcoin ETF was approuved, more precisely by Executive of World Economic Forum, General Vernez former General Swiss Cyberdefense, Former Swiss Police Lorenzo Hutter (this two names never forget: Genocydes of hundreds innocent peoplo, each day). They are also responsable of uncountable operations like Earthquake in Turkey (90'000 deaths). Sabotage of hundreds transport trains like the danger train derail in Ohio, 2022 Nord Stream pipeline sabotage, secret manipulation to cause war betwen Russland and Ukraine, the list is so long of so many secret operation, and they hide behind to manipulate without be exposed, without leave a trace to their identity.

@goldilocksminer8393 6 сағат бұрын

Quit doing acid.