The Macro Brief - 5 August 2026

Analysis & Learning Aug 5, 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 peak). Bitcoin Up (40D trough).

Gold - still looking for next 40 day cycle peak. Up.

Gold broke out of it's base after an 18 month cycle trough and is heading up towards the next 40 day cycle peak.

Bitcoin – emerging out of 40 day cycle trough zone. Up.

The 40 day cycle trough may be in and we are looking for higher prices.

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.