The Macro Brief - 26 May 2026

Analysis & Learning May 26, 2026

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.

The Macro Brief is an excerpt from our weekly Macro Outlook newsletter. Today we are highlighting Gold and Bitcoin.

General outlook: Gold Down (->80D trough). Bitcoin Up (80D trough).

Gold - counter-trend 20 day cycle trough. Down.

Counter-trend bounce into weak 20 day cycle peak then down into next 80 day cycle trough.

Bitcoin – 80 day cycle trough zone. Up.

Potentially in an 80 day cycle trough zone.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.