Blog
Gold at $4,700 and Oil’s August Range: Reading Commodity Markets on Predictagon
Homepage markets this morning price gold hitting $4,700 in August at 11% Yes and WTI touching $75 at 51% Yes. Here is how to read those contracts without turning them into a macro sermon.
- Published
- 2026-08-14
- Author
- Michael Torres
Article
Two numbers on the home tape Predictagon’s featured markets this morning include: Will Gold (XAUUSD) hit (HIGH) $4,700 in August? — about 11% Yes Will WTI Crude Oil (WTI) hit (LOW) $75 in August? — about 51% Yes Will Crude Oil reach a new all time high by September 30? — about 4% Yes Those three contracts already tell a story: the tape is not pricing a blow off in crude, it is pricing a real chance that WTI tags $75 on the downside this month, and it is treating $4,700 gold as a tail, not a base case. Gold: a high print is not a year end target An 11% chance of a monthly high at $4,700 is a path contract, not a “gold is going to $5,000” narrative. Path contracts die on the calendar. If spot is well below the strike with 17 days left in August, 11%…