Gary Wagner: Gold's Recent Dip Was Long Overdue – Surprised It Took This Long ⏳

As the precious metals market digests its recent pullback, all eyes turn to the Federal Reserve's policy meeting this week. Is this a healthy consolidation before the next leg higher, or is the bull run in jeopardy?

To answer this, we turn to Technical Analyst Gary Wagner of The Gold Forecast. He explains the specific candlestick patterns and technical studies that signaled the recent market top and reveals what his models, including Elliot Wave Theory, are projecting for the future. Wagner gives his updated outlook and price targets for both gold and silver.

In this interview with Kitco News' Jeremy Szafron, Gary Wagner also discusses the ongoing physical market dynamics, including the "true silver squeeze," and explains the powerful trend of central bank buying that continues to support the market. Finally, he reveals the key support level that must hold to avoid "technical chart damage" to the rally.

Recorded October 28, 2025.

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TIMESTAMPS: 00:00 - Introduction and Market Overview
02:13 - Gold's Recent Performance
02:30 - Strategic Questions Amidst Volatility
02:41 - Federal Reserve's Policy Meeting
02:57 - Gary Wagner's Technical Analysis
03:25 - Sequential Nine Candlestick Pattern
04:15 - Gary Wagner Joins the Discussion
05:34 - Analyzing Recent Price Actions
07:48 - Elliot Wave Theory and Future Predictions
12:18 - Silver's Market Behavior
16:15 - Fundamental vs. Technical Analysis
18:40 - Impact of Federal Reserve's Decisions
21:39 - Future Price Targets for Gold and Silver
24:15 - Conclusion and Key Takeaways
24:44 - Closing Remarks

#Gold #Silver #Investing
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