The English edition · Forty years at the charts · Est. 1986 / Online since 2015
Updated 2 to 3 times every trading day
Concrete, chart-based forecasts for gold, the major indices, crude oil and the euro. Written by Karsten Kagels, trading since 1986, and revised while the market moves: levels, scenarios and the point where each read would be wrong.
10 markets · no hype · no signals for sale
Every row is a full written forecast: entry zones, support and resistance, and the level that would invalidate the read. Updated in the morning, at midday and after the US close, with TradingView charts.
Prices are snapshots from the last forecast update, not live quotes. Forecast pages embed live TradingView charts.
Support, resistance, trendlines and formations, read the same way for four decades. No black-box indicators, no curve-fitted systems.
Weekly Commitments of Traders reports show what commercial hedgers are actually doing. Every chart scenario is checked against that positioning.
Forecasts are rewritten two to three times per trading day. When a level breaks, the read changes within hours, not next week.
1 · levels drawn on the chart 2 · COT positioning beneath the price 3 · three revisions per day
Karsten Kagels has traded futures, foreign exchange and metals through every regime of the last four decades. Since 2015 his German site kagels-trading.de has been one of Germany's established addresses for chart-based market analysis. Every forecast on this site is his own work, not syndicated content.
1986 the first trade
Deutsche Mark, gold and the index futures of the day. The charts have changed screens several times since; the formations have not changed at all.
1987 black monday
The Dow loses more than a fifth in a single session. An early lesson that levels and positioning matter more than opinions.
2000 the dot-com top
A decade that punished narratives and rewarded reading the tape. Chart technique stays the core of the method.
2008 the financial crisis
Watching what commercial hedgers do, not what headlines say, becomes a fixed part of every forecast.
2015 on the record
Daily German forecasts, published in the open where anyone can check them against the chart. The site grows into a reference for chart-based analysis in Germany.
2020 the fastest bear market
The routine holds through both: morning, midday and after the close, every trading day.
2026 this site
Same charts, same method, same author, now at kagels-trading.com. The German original continues at kagels-trading.de.
40 yrs
at the charts, through every cycle since 1986
10
markets covered: the ones he actually trades
2–3×
forecast revisions per trading day
2015
publishing forecasts in the open, on the record
Gold forecast · today, 14:20 CET
Overnight selling stalled exactly at the support band from early July, and the bounce came on rising volume. COT data still shows commercial hedgers reducing shorts, which keeps the bullish scenario alive above 3,318. Below it, the picture changes quickly: first 3,296, then the June shelf.
Third revision today · previous at 11:40 and 07:35
Read the full gold forecast →S&P 500 · today, 11:05
The index printed another record close, but fewer stocks are carrying the move. Trendline support now sits at 6,180; below it, the picture changes.
Second revision today
Read the forecast →Education · this week
Commercials, large speculators, open interest: a plain-English walkthrough of the weekly report Karsten has used for decades, with a worked gold example.
From the education library
Read the guide →
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