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Gold Breaks Support: Mapping The Final C-Wave Correction With Gary Wagner

Apr 1, 2026
Guest
Gary Wagner
Gary Wagner, editor of The Gold Forecast and chart-focused precious metals analyst. He maps a potential final C-wave correction in gold and the 200-day moving average as a critical floor. He flags silver’s steep technical damage and the 78% Fibonacci level. He links crude’s surge and central bank gold moves to macro pressure and outlines what could reverse the bearish trend.
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INSIGHT

Gold In Final C Wave Correction

  • Gold is in the final C-wave of an ABC correction and could retest lows near the 200-day moving average.
  • Gary Wagner points to the January 29 all-time high, the A and B waves, and a potential test around $4,090 if support fails.
ADVICE

Use The 200 Day As A Tactical Reference

  • Watch the 200-day moving average and nearby support levels to time potential entries or confirm downside.
  • Wagner highlights the 200-day (~$4,090) as a key test and notes moving averages (50, 100) have already rolled over.
INSIGHT

Oil Spike Driving Gold's Rate Headwinds

  • Crude oil is the primary fundamental driver pressuring gold via inflation and Fed rate expectations.
  • Wagner links spikes above $100 and control of the Strait of Hormuz to rising inflation expectations and hawkish Fed pricing.
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