Gold's ‘Overbought’ Signal is a Trap, Here's Why It's Screaming Higher | Gary Wagner

Video Description

It has been a week of extreme volatility and conflicting signals for the precious metals market. After gold futures surged past $3,800 to a new all-time record and silver smashed through $45, a blockbuster U.S. GDP report sent the dollar soaring and knocked metals back from their highs. In this environment of peak uncertainty, where the economic data is unreliable and even the Federal Reserve is openly disagreeing with itself, what do the charts say is next? Jeremy Szafron is joined by one of the best technical analysts in the business, Gary Wagner of TheGoldForecast.com, for a deep dive into the technical picture. Wagner declares that the market's strength is "exceedingly strong," with dips being bought aggressively, and that the bullish case remains firmly intact. He gives his specific timeline for $4,000 gold, explains why silver's breakout to $45 is the most significant in years, and reveals the one signal that would tell him the rally is finally over. Recorded September 25th 2025 Key Forecasts from Gary Wagner: -Gold Price Target: "We'll definitely see $4,000 by the first or second quarter of next year... It's not if, but when". -Silver Price Target: The all-time high around $50 is an "absolutely" realistic possibility this year. -Market Strength: "What is the most impressive aspect... is rather than it correcting... we're seeing sideways action or consolidation... that is a sign of strength". -On the "Overbought" RSI Signal: A market can stay overbought for a long period "especially if the fundamentals driving prices higher... are not diminishing". -The Invalidation Signal: The bullish trend is intact until we see "more than two days in a row of a correction". -The Fed's Dilemma: The Fed is in a "quandary" and a "precarious place," forced to battle a weak labor market and persistent inflation at the same time. 00:00 - Intro: Gold Hits Record $3,800 vs. a 3.8% U.S. GDP Report 01:00 - Kitco Poll: 73% of Viewers See Gold Above $4,000 01:50 - Reviewing Gary's Last Forecast (Metals HIT, Dollar MISS) 02:15 - Gary Wagner's U.S. Dollar Analysis: Resistance at 100 04:10 - Gold's New All-Time High ($3,823): Why Consolidation is a Sign of Strength 06:15 - Has Volume Confirmed Gold's Breakout? 07:28 - Gary Wagner's Key Support Level for Gold ($3,700) 08:10 - The Fed's "Quandary": Fighting Inflation & a Weak Labor Market 12:20 - Gold's RSI Most Overbought Since 1980: Bullish or Bearish? 15:25 - Gold Price Forecast: Gary Wagner's Timeline for $4,000 16:00 - Silver Price Forecast: "A Solid Breakout Like We Haven't Seen in Years" 17:10 - Is $50 Silver #gold #silver #investing #federalreserve #goldprice #silverprice #economy __________________________________________________________________ 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.