Daboku Takaaki 「Weekly Gold Market Outlook」 June 1, 2026 issue
Takakage Kabumiki, the President and CEO of Investment Daily Report Co., Ltd., a pioneer in astrology market analysis and a leading figure in financial cycle analysis, writes a weekly report on gold market outlook.
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Last week’s New York gold market (front month) closed up $69.8 at $4,593.0. The low was $4,395.6, the first intraday low in nine weeks, not yet reaching the $4,100 low hit on March 23 of this year, but it moved to capture the lower wick. See the comment from the week before: “Linear trend is turning bearish. It seems to be aiming to take the lower wick created in the week of March 23. The lower wick range at that time was $4,450–$4,100. If it stops within this range and forms a double bottom, a rebound could follow.” Last week, although it did not reach the lower wick, the timing for a rebound is approaching. If a similar lower-wick line appears within the next one to two weeks, it would be considered a buying opportunity, but confidence is not yet established. The price moved to take the wick and rebound. If the 15-week moving average is surpassed to the upside, it would signal resumed upward momentum. For now, the stance is neutral.
Further details can be found in the PDF file.
【Takakage Kabumiki — Profile】
Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Merriman to publish Japan’s first market cycles and astrology reports. Renowned for cycle- and astrology-based market analysis. President and CEO, Investment Daily Report Co., Ltd.; President, Investment Daily Report Publishing Co., Ltd.; Member, Japanese Technical Analysts Association; Editor-in-chief, “Investment Daily Report Alpha.”
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