Tachimuki Takaki 『Weekly Gold Market Outlook』 May 26, 2025 issue
Mr. Takao Kabuki, President and CEO of Investment Journal Co., Ltd., a master of cycle analysis,
presents the weekly report on gold market outlook written by him.
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Last week's New York gold futures (front-month) closed up 178.6 dollars at 3,365.8 dollars. In the spot market, a large bullish single candle appeared that engulfed the prior week's bearish marubozu, but on a front-month weekly basis the price could still be pulled back by resistance, and it cannot be said that the correction has ended or that a bullish reversal has been confirmed.
However, the recent low for the front-month was reached on the 15th at 3,123.3 dollars. This meets the target I mentioned two weeks ago. In other words, “based on the recent patterns, even if the dollar rebounds, gold’s correction is expected to be around 10%. The dollar index rose by about 10% in the latter half of last year, during which gold fell by as much as 9.1%. If the dollar index rallies roughly 10% from its recent low, it could test around 107.70, and gold could fall by about 10% in the meantime.”
That target would be around 3,150 dollars. This is indeed the range of gold correction conceivable when the dollar enters a rebound phase. The above are the current estimates of gold’s correction and its downside target derived from the timing and price levels of the dollar’s decline.”
【Takao Kabuki Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst, Raymond Merriman, and issued the domestic first market cycle and astrology report. He is well-known for his insights using cycles and astrology for market analysis. President and CEO of Investment Journal Co., Ltd.; President and CEO of Investment Journal Publishing Co., Ltd.; member of the Japanese Technical Analysts Association; editor-in-chief of ‘Investment Diary α’.
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