Kabuki Takaaki 『Weekly Gold Market Outlook』 October 3, 2022 issue

This is the gold market outlook report written weekly by Takashi Kabuki, the representative director and president of Investment Daily News, a cycle analysis master.

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Last week's New York gold (near-month) settled at $1,662.40, up $17.10 from the previous week. The low was $1,613 on September 26, marking an all-time low for the year as in the prior week. Gold is facing a situation where the fall accelerates after breaking an important support. In this column I have compared the current development several times with the 2013 market, and I will analyze it more in detail on a weekly basis.

The top section shows the weekly chart of New York gold (near-month) from September 2010 to 2015. The bottom section covers NY gold prices from August 2019 to the present. The time axis combines times when prices reached all-time highs in September 2011 and August 2020. Chart patterns are slightly different, but the top shows $1,520–1,530 as a major support, while the bottom shows the $1,670 level as a similar major support. The time when a break occurs is different this time...

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【Takashi Kabuki - Profile】

Graduated from Kwansei Gakuin University, Faculty of Economics. In 1995, he partnered with the world-renowned U.S. market analyst Raymond Merriman to publish the first domestic market cycle and astrology report. He is renowned for his market analysis using cycles and astrology. Representative Director of Investment Daily News Co., Ltd., Representative Director of Investment Daily Publishing Co., Ltd., Director of Wakabayashi FX Associates Co., Ltd., member of the Japanese Technical Analysts Association, and editor-in-chief of Investment Daily Alpha.

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