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. Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast) 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 __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.