Gold holds the 3,300 shelf as real yields drift lower
The metal keeps finding buyers at the shelf. While 3,300 holds on a closing basis, the path of least resistance stays up.
Read the analysisConcrete, chart-based forecasts for ten markets, each rewritten two to three times per trading day. Classical chart technique read against COT positioning, charted on TradingView. Levels, direction, and the time of the next read.
| Market | Last | Change | Updated | Status |
|---|---|---|---|---|
| Gold | 3,352.40 | +0.4% | 38 min ago | On time |
| S&P 500 | 6,289.5 | +0.2% | 42 min ago | On time |
| Nasdaq 100 | 22,914 | +0.3% | 42 min ago | On time |
| Dow Jones | 44,462 | -0.1% | 55 min ago | On time |
| Silver | 38.20 | +0.7% | 38 min ago | On time |
| Crude Oil (WTI) | 67.40 | -0.6% | 1 h ago | On time |
| EUR/USD | 1.1685 | +0.2% | 25 min ago | On time |
| Nikkei 225 | 39,420 | +0.5% | 3 h ago | On time |
| US Dollar Index | 103.9 | -0.2% | 25 min ago | On time |
| SpaceX (pre-IPO) | 212.00 | quarterly mark | this week | On time |
Karsten Kagels has been trading since 1986 and reading charts for forty years. Through kagels-trading.de he has served German-speaking traders as a market authority since 2015, and this desk brings the same forecasts to English readers.
The method has not changed in four decades: classical chart technique, confirmed against the CFTC's Commitment of Traders report, drawn on TradingView charts. No black boxes, no signals from nowhere.
Fresh analysis is posted through the trading day. The newest notices are pinned to the board.
The metal keeps finding buyers at the shelf. While 3,300 holds on a closing basis, the path of least resistance stays up.
Read the analysisSemiconductors dragged the tape, but the weekly structure is untouched. The support band sits at 6,210 to 6,240.
Read the analysisCompression under 1.17 continues. The minutes decide whether the range resolves higher or gets another week of grind.
Read the analysisManaged money keeps trimming length. Historically that precedes the range breaking, not holding.
Read the analysisOne email every trading morning, before the US open: the state of the board, the levels that matter, and where the next read will focus. Free, and you can step off any time.