Takaki Kaminari "Weekly Gold Market Outlook" November 17, 2025 issue

Takakagemu Takaaki, the President and CEO of Investment Daily Co., Ltd., and a master of cycle analysis, writes this weekly report on gold market outlook.

This is the gold market outlook report authored by him.

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Last week's New York gold price (front month) reached a high of $4,250 and closed at a low of $4,094.20. The rebound last week appeared to show a typical corrective rise up to this point, but if this week sees a move that breaks above last week's high, there will be a need to watch out for a double top.

Last week I said the retracement range was from $4,090 to $4,208 (Fibonacci range). In a very weak market, a 50% retracement would not be exceeded, but the closing price stayed within the range, while the high was slightly updated.

We still want to be vigilant about the formation described last week: "Just like 2011, there are cases where the price ends by breaking the record high as a fakeout, so caution is warranted. If it exceeds the 62% retracement level (above $4,208), that possibility becomes stronger." If the close exceeds 62% retracement, the likelihood of a double top should be watched more closely. It evokes the market action seen in September 2011.

For more, please see the PDF file.

【Takakagemu Takaaki — Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, he partnered with the globally renowned U.S. market analyst, Raymond Merriman, and issued Japan’s first market cycle and astrology reports. He is well-known for his market analysis utilizing cycles and astrology. President and CEO of Investment Daily Co., Ltd.; President of Investment Daily Publishing Co., Ltd.; member of the Japanese Technical Analysts Association; Editor-in-Chief of 'Investment Daily α'.

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