ΣL Gold Composite - 10th January 2024 | @ 854 Hours (~ 36 Days)
Founders Only Report: 'C' class signal detected in ΣL Gold Composite (XAUEUR/XAUUSD/XAUGBP). Running at an avg. wavelength of 854 hrs (~ 36 Days) over 9 iterations since March 2024. Currently peaking
ΣL Cycle Summary
This component, the same as the cycle highlighted in XAUEUR, is a fairly recently stabilised feature of Gold against these three major fiat currencies. Modulation is apparent in some parts of the signal here but it is relatively stable and certainly the most powerful feature at wavelengths below 75 days. Recent iterations have been less bullish than the period July to November 2024, perhaps reflecting some more bearish influence from the longer term wave around 16 months. The issue with Gold in a larger context is that currently, around wavelengths of 100-500 days, the spectra is quite noisy indeed, with heavy modulation across a wide bandwidth of frequencies. This is not ideal for speculation on price (via timing with cycles!). However, this will not last forever and when a new component is stable, we will feature it on Sigma-L.
Long time subscribers will remember with fondness the beautiful feature around 55 days which persisted for 3 years (over 20+ iterations) and then vanished. Such is the nature of financial market cycles. Fortunately when a cycle emerges it tends to persist for at least 6-8 iterations, in our experience. Early detection is key.