EBS · ETF · ENHANCED MARKET DYNAMICS

RMAU

TRM Physical Gold ETC

CH

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EMD SCORE40/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions remain cautious, although the latest readings are improving.

Early repair0% directional agreement57% evidence confidence
Completed week
28 Aug 2026
Latest close
CHF 36.19
Evidence
18 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive · 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.
1 May 2026–28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE · CHF +100+500-50-100 46.2538.6831.10 1 May 2026 · EMD 41/100 · close 45.44 8 May 2026 · EMD 45/100 · close 36.17 15 May 2026 · EMD 40/100 · close 35.25 22 May 2026 · EMD 43/100 · close 34.88 29 May 2026 · EMD 47/100 · close 34.92 5 Jun 2026 · EMD 39/100 · close 34.06 12 Jun 2026 · EMD 44/100 · close 32.94 19 Jun 2026 · EMD 42/100 · close 33.35 26 Jun 2026 · EMD 42/100 · close 32.24 3 Jul 2026 · EMD 41/100 · close 33.05 10 Jul 2026 · EMD 45/100 · close 32.66 17 Jul 2026 · EMD 44/100 · close 31.92 24 Jul 2026 · EMD 53/100 · close 32.71 31 Jul 2026 · EMD 32/100 · close 32.20 7 Aug 2026 · EMD 53/100 · close 34.65 14 Aug 2026 · EMD 48/100 · close 35.01 21 Aug 2026 · EMD 54/100 · close 36.19 28 Aug 2026 · EMD 40/100 · close 36.19 8 May 2026 · Down-cycle confirmed · close 36.17 7 Aug 2026 · Up-cycle confirmed · close 34.65 1 May 20263 Jul 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 47%Current EMD -19.74-week EMD change +17.2156-week price range CHF 31.92–45.44

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

50/1000.00

Strengthening beneath price
4-week change +0.00

02

Trend and deviation

0/100—% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

73/1004w +12.4% · 13w +3.6%

Momentum is supportive
SMI 0.21

04

Price-volume pressure

0/1000% constructive pressure

Volume is leaning against the close
Volume ratio 7.15x

05

Modeled Trend

58/100Modeled Trend 0.14

Modeled Trend is supportive
Smoothed Modeled Trend 0.11

Evidence context