Gold: Hurst Cycles - 25th February 2022

Gold - US Dollar | Phasing Analysis Update, Outlook & Trading Strategy

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Phasing Analysis

Long Term

Components greater than and including the 18 month nominal cycle

Medium Term

Components less than and including the 18 month nominal cycle

Short Term

Components around the 80 day nominal cycle

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Summary

In our last report into gold back in November 2021 we anticipated a low of 20 week magnitude was forming. The subsequent price movement from that low needed to form some bullish momentum in order to keep longer term bullishness alive:

This low should also be a 20 week nominal trough and presents an excellent long opportunity, according to the phasing analysis, with the 40 week nominal peak not due until early 2022.