The David Lin Report · Wednesday, July 15, 2026
Gary Wagner discusses how the amount of time an asset spends at a certain price level can indicate its likelihood of retracing or consolidating. He uses gold's history around the $4,000 mark to illustrate that prolonged stays at a level suggest significant support or resistance.
“You know, Gary, you've said many times that the amount of time an asset stays at a certain level indicates the likelihood that it will either retrace that level or consolidate around that level.”
“So, I would say that it's much more likely that gold will retest 4000 versus 5000, uh, above which it's only spent less than two months. Does that logic make sense to you?”
“The time frame in which it consolidates at a level can indicate strength or weakness.”