$3,000 Gold Instantly! Prepare For a PARABOLIC Spike In Gold and Silver Prices - Gary Wagner

Описание: $3,000 Gold Instantly! Prepare For a PARABOLIC Spike In Gold and Silver Prices - Gary Wagner

The gold market is experiencing a period of consolidation as traders digest mixed economic signals, particularly from recent inflation readings. Spot gold, currently trading at 2,664.10 dollars per ounce, remains relatively stable as market participants evaluate conflicting indicators about price pressures in the economy.
While recent data showed weaker-than-expected inflation readings, the significant year-over-year increase in producer prices raises concerns among economists about persistent inflationary pressures. This dichotomy has contributed to the precious metal's struggle for clear directional momentum.
Gary Wagner, editor of The Gold Forecast, offers an optimistic outlook through the lens of Elliott Wave theory. According to Wagner, the market appears to be in the final stages of its current correction phase, which he expects to conclude within the year's first quarter. Following this period, he projects gold to surpass its previous high of 2,800 dollars, potentially reaching 2,900 dollars in 2025 and testing the 3,000-dollar level by 2026.
Goldman Sachs has recently adjusted its forecast for gold. While the investment bank initially predicted gold would reach 3,000 dollars by the end of 2025, they have now revised their timeline, pushing the target to the second quarter of 2026. Their updated analysis suggests a more modest yet bullish target of 2,910 dollars by 2025.
The precious metal's near-term performance continues to be influenced by movements in the US dollar and Treasury yields, which have shown recent weakness. Market participants remain focused on upcoming US inflation data, which could provide crucial insights into the Federal Reserve's future interest rate decisions and, consequently, gold's price trajectory.
Gary Wagner's Elliott Wave analysis presents an optimistic outlook for silver, suggesting that the motive phase could push prices above 35 dollars per ounce. While Wagner acknowledges that these waves' exact timing and structure remain fluid until the first wave completes its formation, the underlying analysis points to significant bullish potential in the precious metal's future movements.
From a technical perspective, silver navigates within a descending wedge pattern, with immediate resistance near the 31-dollar mark. A successful breakthrough above this level could indicate strengthening buyer momentum and potentially pave the way toward 32.55 dollars, where the upper boundary of the Ichimoku Cloud presents additional resistance.
Market sentiment appears upward, with buyers working to invalidate the bearish head-and-shoulders pattern that emerged on December 19. This development signals improving market confidence, though maintaining support above the psychologically significant 30-dollar level remains crucial for sustaining the current bullish momentum.

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