ΣL Precious Metals Composite - 11th December 2023 | @ 146 Days | + 4.97%
Last trade: + 4.97% | 'B' class signal detected in Sigma-L Precious Metals Composite (Gold, Silver, Platinum, Palladium vs USD). Avg. of 146 days over 9 iterations since June 2020. Currently troughing
ΣL Cycle Summary
There are two interesting observations to be made within the latest iteration of this prominent wave in the precious metals. The first is that a shorter wavelength component has come to dominate, modulating even this larger wave to a small degree. This is evident on the time frequency plot below with the brighter area recently at a higher frequency. A lot of the recent variance within the time domain average is due to this and it is largely derived from silver. The second interesting observation is the continued divergence of palladium from the other metals, collapsing linearly since March 2023. Taken together, the time domain average is rather flat. It is entering a trough of this wave shortly.
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 Precious Metals Composite 25th September 2023
Entry: 25th September, 2023
Exit: 11th December, 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:
XPDUSD (23.41%)
XAGUSD (1.04%)
XPTUSD (-0.59%)
XAUUSD (-4.00%)
Composite Average Gain:
4.97%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: B - learn more
Average Wavelength: 145.83 Days
Completed Iterations: 9