I know that some real cycle experts read the articles here, so they may help to shed some light on this. I haven’t seen very many posts highlighting golds daily/weekly cycles. I’ve been trying to analyse the last 2 or 3 months in terms of short cycle counts, and, to be perfectly honest, unless I’m missing something, I just don’t see anything that is really useable. Every time you think you you’ve identified a cyclical pattern, it fails and heads in the ‘wrong’ direction. Zooming out, the cycles become much clearer and more definite.

This all makes perfect sense to me. It’s a bit like trying to forecast the weather for 2 weeks ahead. Say May 15th. It’s possible to say with some degree of confidence that the trend is towards higher temperatures and lower rainfall, but that individual day may turn out to be the same temperature as today, with some light rain showers. That means that the day to day forecast is almost impossible, but on average, the 13th, 14th and 15th May are warmer and drier than the 1st, 2nd and 3rd.

Put another way, larger, longer term trends are much more powerful and will tend to prevail. Short term hourly or daily fluctuations are much weaker and easier to get completely engulfed by outside influences.