GC=F - Gold Futures

Central banks are accumulating physical gold, PBOC has bought for 20 consecutive months, and the speaker plans to add at the $3,500 level.

Near-term bearish due to wedge pattern and historical drawdown cycles; expects further decline to ~$3,500 before bottoming.

Long-term bullish: next bull market cycle projected to peak around $13,000 by 2031-33, providing excellent returns from $3,500 low.

Gold is in a wedge pattern with a downside target of $3,500-$3,600, which aligns with the 50% Fibonacci retrace and a support zone. Both upside and downside breakdowns lead to eventual new all-time highs. Long-term target of $10,000 by 2029 based on fiscal irresponsibility and hard asset demand.

Historical precedent of 24x gain in 1970s; Fed likely to cut rates into inflation; central banks buying gold; physical gold preferred over ETFs.

Gold sold off slightly on the news, similar to Bitcoin. The host does not give a specific directional opinion on gold in this segment, only noting the market reaction as a factual observation.

The analyst is closely watching gold but notes it is in a pullback and not yet at a low-risk entry point. He is waiting for either a cleaner technical setup or a clear signal from the Fed meeting on Wednesday before making a decision.

Gold is in a massive wedge pattern sandwiched between the 50-day and 200-day moving averages. A major breakout or breakdown is imminent within the next couple of weeks. The direction will be determined by which level breaks first.

If the 200-day moving average is breached on gold, the lower parallel trend line would be reached, potentially down to 4100 or even lower — a major corrective move.

Gold is in a downtrend with a parallel within a parallel pattern. Resistance at $4,875 and support at $4,100. No specific buy or sell recommendation given, just technical levels to watch.