Yataki Takaki (Kakumei?) "Weekly Gold Market Outlook" August 15, 2022 issue

fKaburaki Takaki, the CEO of Investment Daily News Company and a master of cycle analysis, is the author of the weekly report on gold market outlook.

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Last week's New York gold price (near month) closed at $1,805, up $24.70 from the previous week, marking four consecutive weeks of gains since July 17. On a daily basis, the move last week saw resistance around just above $1,800, with the downside supported near $1,780. Short-term Bollinger bands suggest we are in a tightening phase, indicating a higher likelihood of a bit more consolidation before breaking higher. The next target is around the June rebound high near $1,880.

U.S. 10-year Treasury yield rose to 2.516% on August 2, and has been trending upward, touching the 2.9% area by the end of last week. As noted in last week’s commentary, “From the U.S. 10-year yield chart, yields rose toward around 3.5% around June 16, peaking there and then continuing a downward trend. On August 2, they fell back to the 2.5% range for the first time in three months, but before the Employment Situation data release there was some covering, and yields retraced slightly.”

For more, please see the PDF file.

【Takaki Kaburaki – Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Meriman to publish the domestic first market cycle and astrology report. Well-regarded for market analysis utilizing cycles and astrology. CEO of Investment Daily News Co., Ltd.; CEO of Investment Daily News Publishing Co., Ltd.; Director of Wakabayashi FX Associates Co., Ltd.; Member of the Japanese Technical Analysts Association; Editor-in-Chief of “Invesment Daily Alpha.”

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