Yudoki Takaki? (Note: this appears to be a name) "Weekly Gold Market Outlook" June 30, 2026 issue
Kabuto Takao, the President and Chief Executive Officer of Investment Daily News, a pioneer in astrology-based market analysis and a leading figure in financial cycle analysis, writes a weekly report on gold market outlook.
-------------------------------------------------------------------------------------------
Last week's New York gold market (near month) continued to fall, closing at 4,096.30 USD, down 149.60 from the prior week. There are still no signs of a stabilizing bottom, and it appears poised to break below the important 4,000 level.
Last week's bullish trigger did not materialize. In other words, “the previous low was June 11 at 4,046.2, a seven-month low. It marked the third low this year in February, March, and now again. The pattern has been a lower high/ lower low continuation, i.e., a bearish pattern, but to see a bullish trigger one would expect a break above the high of June 17, 4,382.13, without updating the June 11 low.” On the 24th last week, this low was breached, and the market remained soft this week, nearly falling below 4,000.
Last week's commentary was as follows.
“Unfortunately it briefly breached on the 19th. It could be seen as a pullback, but updating the June 11 low would again be bearish. However, based on the formations so far, there are patterns where after updating the low there is an immediate rebound, so a descending wedge cannot be ruled out. The outlook looks somewhat uncertain, but as a medium- to long-term view, it remains bullish,” this forecast seemed premature. The bearish stance continues.
For the continuation, please refer to the PDF file.
【Takao Kabuto Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Meriman to issue the domestic first market cycle and astrology reports. Highly regarded for market analysis using cycles and astrology. President and CEO of Investment Daily News Co., Ltd.; President and CEO of Investment Daily Publishing Co., Ltd.; member of the Japan Technical Analysts Association; editor-in-chief of “Investment Daily Alpha.”
* Please make final investment decisions at your own risk.
* Unauthorized copying or distribution of this report constitutes a breach of contract. If such breach is discovered, legal action may be taken, and distribution may also be halted within your subscription period. Thank you for your understanding and cooperation.
* This report does not guarantee future accuracy or profitability. Traders and readers are responsible for their own trading decisions. Neither the author nor the publisher shall be liable for the decisions of any market participants. Regardless of the asset, spot, futures, or options trading is considered high risk.