Takaki Kabumi 『Weekly Gold Price Outlook』 May 18, 2026 issue
Kazuyuki Kabuki, President and CEO of Investment Daily Co., Ltd., a pioneer in Astro-prediction market analysis and the leading figure in financial cycle analysis, writes a weekly report on gold price outlook.
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Last week's NY gold price (near-month) closed at 4,561.9, down 168.8 from the previous week. The slope of the linear trend has turned bearish. It appears to be attempting to reclaim the lower shadow formed during the week of March 23. The lower shadow range was 4,450–4,100. If it stops within this range and forms a double bottom, a rebound could be anticipated thereafter.
Attention on the US-China talks reveals no progress regarding Iran, with crude oil prices staying high or rising. The leaders of the two countries each kept their cards close, avoiding any decisive moves, and the meeting ended without controversy. For China, the current Iran situation is seen as something that the U.S. will weaken on its own due to U.S. exhaustion, dollar-system instability, and rising inflationary pressure on the U.S. economy. Meanwhile, China is aiming to strengthen the BRICS bloc and its influence globally. However, the dollar index remains strong.
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【Tamagawa Takao Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the globally renowned U.S. market analyst Raymond Merriman to issue the domestic first market cycle and astrology reports. He is well regarded for cycle and astrology-based market analysis. President and CEO of Investment Daily Co., Ltd.; President and CEO of Investment Daily Publishing Co., Ltd.; member of the Japan Technical Analysts Association; editor-in-chief of 'Investment Daily α'.
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