Sigma-L - Market Cycles

Sigma-L - Market Cycles

Share this post

Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Gold Composite - 30th November 2023 | @ 56 Days | - 2.34%
Copy link
Facebook
Email
Notes
More
Metals

ΣL Gold Composite - 30th November 2023 | @ 56 Days | - 2.34%

Last trade: - 2.34% | '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 - 16 iterations since Aug 2021. Currently troughing

David F's avatar
David F
Nov 30, 2023
∙ Paid
1

Share this post

Sigma-L - Market Cycles
Sigma-L - Market Cycles
ΣL Gold Composite - 30th November 2023 | @ 56 Days | - 2.34%
Copy link
Facebook
Email
Notes
More
1
Share

ΣL Cycle Summary

Here the excellent periodic wave in gold, around 55 days average wavelength and measured against a composite of major world currencies, has likely troughed in late November. The recent pullback follows a bullish move that started around the end of October 2023 and very likely indicated a trough of larger magnitude had occurred. The next peak is due on Christmas Day, with a touch of frequency modulation creeping in recently. Although very small (~ 2 days), the modulation is arising from detection of a slightly faster but so far low powered correlation, as shown below in the time frequency plots. Given the wonderfully stationary nature of this wave over time, we expect that modulation to dissipate over the next few iterations. Across currencies, the very recent move up in gold (from a likely trough of this component) has been most notable when set against the US Dollar, likely due to the continued recent weakness in the greenback.


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: Sell - ΣL Gold Composite 8th November 2023
Entry: 8th November 2023
Exit: 30th November 2023

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:
XAUNZD (-0.41%)
XAUAUD (-1.24%)
XAUGBP (-1.61%)
XAUCHF (-1.87%)
XAUJPY (-2.08%)
XAUEUR (-2.64%)
XAUSGD (-3.15%)
XAUCAD (-3.25%)
XAUUSD (-4.77%)

Composite Average Gain:
- 2.34%


Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 55.77 Days
Completed Iterations: 16

Time Frequency Analysis

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Sigma-L
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More