Gold's 'Symmetrical Triangle' Breakout is Confirmed, Here's the Next Target

Gold has broken out of its multi-week consolidation pattern, confirming a new bullish trend is underway. The U.S. Dollar has "melted through" long-term technical support, providing the fuel for a rally across the precious metals complex. With gold and silver pushing to new highs, is this the start of a parabolic move?

Gary Wagner, editor of TheGoldForecast.com, joins Jeremy Szafron to break down the critical chart patterns in gold, silver, and the U.S. Dollar. Wagner explains why the breakout from a "symmetrical triangle" is the final signal he was waiting for and reveals his stunning long-term price forecast. 

Wagner says, “My upper-level target... is $3,700 plus for a Troy ounce of gold.”

Key Topics:
-Gold's "symmetrical triangle" breakout
-Silver's catch-up rally to 10-year highs
-The U.S. Dollar's "extremely bearish" long-term outlook
-Gary's new Gold price target: $3,700+
-Silver's next price targets: $42 and $44
-The Dollar's downside targets: 95, 90, and 89

00:00 Introduction 

00:56 Technical Analysis with Gary Wagner

01:19 Breakout Signals and Predictions

02:08 Gold's Recent Performance

07:14 Silver's Surge and Analysis

10:19 US Dollar Impact on Precious Metals

13:35 Long-term Trends and Predictions

17:38 Market Sentiment and Strategy

18:34 Conclusion and Final Thoughts