Gold: Hurst Cycles - 16th September 2022
Price moves sharply down to the 40 day nominal low late August before a telling and weak bounce. A subsequent collapse sees Gold approach an imminent 20 week nominal low, at least.
Gold continued it’s weak display in late August, clarifying the position of the 40 week component low in May and removing the outlier scenario discussed in the last report. Price now approaches a low of at least 20 week magnitude:
From 18th August Report:
At the medium term the 20 week component is still outstanding, running at around 19 weeks average wavelength from the sample of over 20 iterations and synchronised well trough to trough. The next low of this component is expected in line with the 80 day nominal low mid-late September.
The collapse from a weak 40 day nominal component low, proposed to have occurred August 22nd and shown in the short term chart below, has set the stage for quite a contrast to Silver. Silver is known to be more volatile than Gold, offering greater yields for the skilled Hurstonian. In this case the difference between amplitudes at the 20 day component has been notable. They will converge once again and we suspect it will be Silver that will retrace a good deal of the enthusiasm prior to this incoming 20 week nominal low.
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