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 – potentially in 20 day cycle trough zone, looking for a bounce.
Zigzag expected up to 20 day cycle peak and down to 40 day trough.
In Monday’s Macro Outlook we were looking for price to drop into a 20 day cycle trough zone and then recover. The trough could be upon us now as price starts testing the 40 day FLD in the 20 day cycle trough timezone. We know that the first 20 day cycle peak is in place because the upsloping 10 day VTL was crossed down, and so we are now about to start tracking the second we think.
We are expecting a push up to the peak at the 40 day FLD just after mid-month and towards 1,980 and then a decline into the 40 day cycle trough due in the third week of the month circa 1,930.
This post was first published on Hurst Cycles Notes.
