Gold update - 9 December 2024
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 - the 40 day cycle may just have bottomed.
In this morning's outlook we saw Gold as being heavy and dragging down into the 40 day cycle trough zone which we said was due around mid December and potentially down as far as 2,600. However, since then the Chinese government have stepped in again.
