Missed the Gold Move? The Exact Level to Wait for the Next Leg Up | Chris Vermeulen

Kitco’s Chris Vermeulen says he has already taken profits on gold above $5,000 and silver near $111 and is now sitting in cash, waiting for a lower entry point rather than chasing the move. His key level is gold at $3,600, which he sees as the area where the current selloff could end and the next leg higher could begin. The interview frames the recent break below $4,000 in gold as a technical reset rather than a trend change, with Vermeulen focused on chart structure and where downside momentum may exhaust. The setup implies he expects a deeper correction before the market becomes attractive again, and that the next trade is less about fundamentals than about reclaiming a high-probability technical zone. For traders, the immediate takeaway is to watch whether gold stabilizes into the $3,600 area; a failure to hold there would argue for further downside, while a response from that zone could trigger the next accumulation wave. Near term, the market is likely to stay driven by technical levels and momentum positioning rather than fresh macro catalysts, making $3,600 the key trigger level from this view.