Gold update - 7 November 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 - still looking for the 40 day cycle trough zone.
In Monday's macro outlook we were looking for the next 40 day cycle trough under the 40 day VTL. Post US election Gold broke down hard as the US Dollar rallied, and has reached the 80 day cycle FLD.
