Gold Tests $4,000: The ‘60% To 70% Probability’ Of A Bottom | Gary Wagner
2 extracted signals · 2 resolved · 0 still active
Kitco NEWS12 Jun 2026, 22:00 UTC
AI-generated source summary
Gold has experienced a significant sell-off, dropping to near the $4,000 level, while Silver is attempting to build a base between $66 and $68. Historically, the $4,000 level for gold is a key psychological support, having acted as both support and resistance in the past. The current price action in gold shows lower highs and lower lows, indicating a bearish trend. Silver, on the other hand, has shown some resilience by trading sideways and attempting to establish a base. The 200-day moving average for silver is around $61.50, which is currently acting as support. For gold, the next key resistance level to watch would be the previous support at $4,169.40, and for silver, it would be the $70 level. If gold breaks below $4,000, it could fall to $3,900. If silver can maintain its current support and begin to climb, it could target previous highs around $75.
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