ΣL Gold Composite - 20th February 2024 | @ 56 Days | + 1.53%

Last trade: + 1.53% | 'A' class signal detected in Sigma-L Gold composite (XAU vs USD/EUR/CAD/GBP/CHF/AUD/NZD/SGD/JPY). Avg. wavelength of 56 days - 17 iterations since Aug 2021. Currently peaking

ΣL Cycle Summary

A flat to bullish iteration of this excellent wave was the story in gold over the latest up leg. Within the composite the Swiss Franc outperformed, the New Zealand Dollar the worst of the mild gains from this swing. The larger component around 300 days has peaked and should now begin to exert more pressure to the downside - we have included a chart below of this component but will also be adding a full report in the coming days. Regarding the beacon around 56 days featured in this report, the next trough is due mid-late March, more details in the signal detail and targets section.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Buy - ΣL Gold Composite 24th January 2024
Entry: 24th January, 2024
Exit: 20th February, 2024

For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.

Constituent Gain:
XAUCHF (3.01%)
XAUJPY (2.94%)
XAUGBP (1.83%)
XAUEUR (1.64%)
XAUAUD (1.26%)
XAUSGD (1.07%)
XAUCAD (0.99%)
XAUUSD (0.93%)
XAUNZD (0.11%)

Composite Average Gain:
1.53%

Before and After

Signal comparison between our last report and the current time, in chart format.