Sigma-L - Market Cycles

Sigma-L - Market Cycles

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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Gold Composite - 24th January 2024 | @ 56 Days | - 0.24%
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Metals

ΣL Gold Composite - 24th January 2024 | @ 56 Days | - 0.24%

Last trade: - 0.24% | '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 troughing

David F's avatar
David F
Jan 24, 2024
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Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Gold Composite - 24th January 2024 | @ 56 Days | - 0.24%
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ΣL Cycle Summary

The latest view in gold, via this historically excellent periodic driver, is one of neutral, sideways and grinding price action. Within the spread of currencies however there is some variance with the Yen and Dollar at opposite ends of performance. Some modulation is present at a slightly higher frequency (see time frequency plot below) which likely reflects the ability of smaller waves to be observed when the underlying trend is flat. The next move should be an interesting one, bulls will hope for more amplitude (volatility to the upside!) toward the peak in late February.


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 post for this instrument, linked below.

Type: Early Sell - ΣL Gold Composite 22nd December 2023
Entry: 22nd December, 2023
Exit: 24th January, 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:
XAUUSD (1.69%)
XAUGBP (1.65%)
XAUEUR (0.11%)
XAUCHF (0.10%)
XAUSGD (0.06%)
XAUCAD (-0.10%)
XAUNZD (-0.91%)
XAUAUD (-1.85%)
XAUJPY (-2.91%)

Composite Average Gain:
- 0.24%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 56.05 Days
Completed Iterations: 17

Time Frequency Analysis

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