ΣL Precious Metals Composite - 21st February 2024 | @ 137 Days | + 0.68%

Last trade: + 0.68% | 'C' class signal detected in Sigma-L Precious Metals Composite (Gold, Silver, Platinum, Palladium vs USD). Avg. of 137 days - 10 iterations since June 2020. Currently hard down

ΣL Cycle Summary

Continued modulation plagues this component in the most recent past, specifically some frequency modulation, in this case from likely transitory power around 110 days. The net result, in the composite at least, is flat price action. That said, the underperforming palladium enjoyed an excellent bear market rally from the most recent low, prior to falling back recently. Within the composite against the US Dollar, gold outperformed and platinum netted a loss, dragging our average measure down overall. Increased uncertainty as to the phase of this wave renders a downgrade to a ‘C’ category, for now.

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 Precious Metals Composite 11th December 2023
Entry: 11th December, 2023
Exit: 21st 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:
XAUUSD (2.37%)
XAGUSD (1.01%)
XPDUSD (0.78%)
XPTUSD (-1.42%)

Composite Average Gain:
0.68%

Before and After

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