Weekly Cycle Report - Week 22, 2024

Welcome back to the Weekly Cycle Report for Week 22 of 2024 (May 25, 2024). This week, we'll update you on the markets and the recent swings we've seen in Copper, Gold, Silver, and Equities from May 21-23.

Brief Market Overview

As discussed in the Week 21 report, we are looking for a YCH and expecting a decline into fall 2024. This week, we obtained an important clue on the upcoming cycle decline.

Key Highlights:

• $XAUUSD chart shows a critical clue.
• Weekly cycles without updates will be marked as "No Update - Week 22" with updated charts.

Brief Market Overview

As we discussed in the Week 21 report, we are looking for a YCH and expecting a decline into fall 2024. This week we got an important clue on the upcoming cycle decline.

A couple of notes as I update the newsletter for the first time - many of the weekly cycles have no updates - the cycle continues to move as previously noted. For the weeks that there are no updates, I'll keep the same notes and create a bullet point - No Update - Week 22. I'll always update the chart - and the narrative will stay the same.

Lastly, I want to draw your attention to the $XAUUSD chart as we got a very important clue. I've included a longer weekly cycle for $IAU to supplement.

Currencies:

$EURUSD

Daily Chart Analysis

• The daily cycle continues to move as previously outlined with the dotted path. We are looking for a small swing and then a follow-through into DCL in mid to late June.