The David Lin Report · Friday, August 7, 2026
David Lin suggests waiting for gold to break above the $4,400 resistance level before confirming a sustainable upward trajectory. Gary Wagner identifies $4,000 as major support and notes that the market's recent action shows a "shooting star" candlestick pattern, indicating potential caution.
“If I were deciding if I should be a buyer of gold right now, looking at this chart that you have on the screen, Gary, I would probably tell myself I'm going to wait for gold to break above 4400.”
“I'm calling major support right now, just below $4,200.”
“A move up, I would want to see how it reacts at the next level of resistance, $4,400.”