The David Lin Report Will Gold Price Collapse Continue? Analyst Called Top, Here’s The Bottom | Gary Wagner
Mar 20, 2026
Gary Wagner, editor of TheGoldForecast.com and precious metals analyst, offers concise market commentary. He debates whether gold’s decline is a temporary correction or a deeper pivot. He explains technical patterns like double tops and retracements. He contrasts technicals with fundamentals, discusses money rotating into oil, and outlines levels to watch for potential further drops.
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Correction Versus Pivot In Gold
- Gold's recent sell-off may be a deep correction rather than a permanent pivot away from bullishness.
- Gary Wagner notes gold is below the 50-day moving average but still above a 78% short-term Fibonacci retracement, keeping a correction narrative viable.
Fundamentals Still Favor Gold
- Fundamentals supporting gold (fiscal deficits, central bank buying, inflation above target) haven't materially changed despite the sell-off.
- Wagner maintains a year-end $6,000 target, arguing sentiment could reassert if fundamentals remain intact.
Gary Admits He Was Short And Missed Levels
- Gary admitted he was short when gold broke below $5,100 and that his level predictions didn't exactly match market moves.
- He uses this to illustrate that analysts can call direction correctly yet miss exact price levels.