Gary Wagner Says Gold Correction Was Long Overdue and Lasting Rally Still Intact

After months of record-breaking gains, the precious metals market is taking a breather—and all eyes are now on the Federal Reserve’s policy meeting. Is this a healthy consolidation before gold’s next leg higher, or the first real warning sign for the bull market?

To break it down, Technical Analyst Gary Wagner of The Gold Forecast joins Kitco News’ Jeremy Szafron to deliver a data-driven look at gold and silver’s pullback. Wagner dissects the candlestick patterns and Elliott Wave signals that predicted the recent market top and shares his updated price targets for both metals.

Wagner also takes viewers inside the physical market dynamics, describing what he calls a “true silver squeeze” as global demand for bullion continues to outpace supply. He explains how central bank gold buying remains one of the most powerful—and overlooked—forces supporting prices, even amid short-term volatility.

Finally, Wagner reveals the critical support level that must hold to avoid “technical chart damage” and keep the rally alive, while outlining his roadmap for traders and long-term investors heading into the next Fed decision.

This is a must-watch interview for anyone following gold, silver, and the Fed’s impact on hard assets and global markets.

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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