🚨 Gold's Next Move: Impulse Breakout - Chris Vermeulen #shorts
Sprott Money Jul 4, 2026
Summary
Chris Vermeulen argues gold flips bullish once a powerful impulse (a strong directional surge) breaks two resistance ceilings and prints a higher high.
After breaking out near $4,600, the first pause and pullback usually offers an entry point before gold's next big run.
Breakouts tend to repeat through bull flags (brief consolidations that continue a trend), so investors should expect pauses, not straight lines.
Gold sits near $4,000 and needs about $4,600 to break out; the speaker expects the next move significantly higher.
Craig Hemke's takeaways
- Top takeaway Appears as the interviewer in this Sprott Money conversation, with the technical discussion delivered entirely by guest Chris Vermeulen.
Chris Vermeulen's takeaways
- Top takeaway Argues gold needs a strong impulse move through two resistance levels — about $4,600 versus roughly $4,000 as of July 4, 2026 — to confirm its next major breakout.
- Would treat the first pause and pullback after that breakout as a buying opportunity before the next run higher, expecting bull-flag patterns to repeat.
- Says clearing the prior highs would flip momentum from a downtrend of lower highs and lower lows to a higher high, with a higher low then needed to confirm the turn.
- Believes gold's next major move will be significantly higher once the breakout sequence turns up.