You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

Gold – nearing peak, potentially 80 day cycle magnitude.

Daily. In Monday’s Macro Outlook the stance was that a 20 week cycle peak is brewing but we expected some tactical uplift across the week. Price has moved into the peak zone, and is approaching the target.

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