Gold forecast
Updated 12m 00s agoBulls defended the 3,318 support zone overnight. As long as price holds above it, the path toward 3,368 stays open. Full scenario in the forecast.
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Karsten Kagels has read gold, indices, forex and oil from the chart since 1986. Every forecast on this desk is his own work: levels, scenarios and reasoning you can check against the chart, revised two to three times a day while the session runs.
Frankfurt 16:24:08 ● Market open 10 markets on the board
Bulls defended the 3,318 support zone overnight. As long as price holds above it, the path toward 3,368 stays open. Full scenario in the forecast.
Read the full gold forecast →Today at the desk
Freshness is the product. A forecast written before breakfast is re-checked at the US open and revised the moment a level breaks. Nothing on this site waits for next week.
Before Europe opens: every chart re-read, overnight moves weighed, support and resistance set for the day. The morning forecast goes out to the newsletter.
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When a level breaks or the picture changes intraday, the forecast changes with it, usually within hours. The evening pass sets up the next session.
The board
The markets Karsten actually trades, each with a written forecast: entry zones, support and resistance, and the reasoning behind them, with TradingView charts.
Today's call: overnight selling stalled exactly at the 3,318 support band from early July. COT data still shows commercials reducing shorts, which keeps the bullish scenario alive above that zone. A daily close under 3,318 would put 3,296 on the table instead.
Read the full gold forecast →ⓘ Prices are indicative snapshots, not live quotes. Every row links to a written forecast.
The trader behind the desk
Karsten starts trading futures and reading price the way he still does: support, resistance, trendlines, formations. No black-box indicators.
The German site launches and grows into one of Germany's established addresses for chart-based market analysis.
Gold, the US indices, silver, oil, EUR/USD and more, each forecast revised while the market is open. Every word written by Karsten himself.
Kagels Trading comes to English-speaking traders: the same desk, the same method, now at kagels-trading.com.
A forecast you can check against the chart is worth more than a confident guess.
Karsten Kagels · Founder, Kagels Trading
Every forecast is written by Karsten himself, not by a content team. If a level matters, he tells you why it matters. If the picture is unclear, he says so, and that honesty is the method: no signals-for-sale theatre, no certainty where the chart offers none.
Reading in German? The original site is at kagels-trading.de.
Support, resistance, trendlines and formations, applied the same way for 40 years. No curve-fitted systems.
Weekly Commitment of Traders reports show what commercial hedgers are actually doing. A reality check for every chart scenario.
Forecasts are updated two to three times per trading day. When a level breaks, the analysis reflects it within hours, not next week.
Fresh off the desk
Overnight selling stalled exactly at the early-July support band. COT positioning keeps the bullish scenario alive above 3,318.
→ S&P 500Today 11:05The index printed another record close, but fewer stocks are carrying the move. Trendline support now sits at 6,180.
→ EUR/USDToday 09:41The euro keeps failing at the same ceiling. As long as 1.1590 holds underneath, the range does the talking.
→ Crude OilToday 07:32Three attempts at 68 have failed since late June. Until buyers close above it, pullbacks toward 65.40 remain the base case.
→ EducationThis weekThe Commitment of Traders report is public, free and widely misread. A practical guide with real examples from the gold market.
→The morning forecast
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