The Macro Brief- 27 April 2026

Analysis & Learning Apr 27, 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 Up (40D trough). Bitcoin Up (->40D peak)

Gold - 40 day cycle trough zone. Up.

Gold is close to the 40 day cycle trough zone. We are looking for a pro-trend upside reversal.

Bitcoin – nearing 40 day cycle peak zone. Up.

Price is approaching a 40 day cycle trough. We are expecting a shallow dip and then more upside.

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.