ΣL Gold Composite - 18th April 2023 | @ 56 Days | Snippet

'A' class signal detected in Gold composite (XAU vs USD/EUR/CAD/GBP). Running at an average wavelength of 56 days over 11 sample iterations since May 2021

Signal Class & Attributes

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 56 Days
Completed Iterations: 11

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show highpassed price with the extracted signal overlaid for visual clarity.

Gold composite: Time domain average of XAU vs USD/GBP/CAD/EUR increases the signal to noise ratio of the wonderful component around 55 days.

Signal Detail & Targets

Here we give more detail on the signal and our expectations for price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample.

Phase: Troughing / Troughed
FM: +- 2 Days
AM: N/A (Composite)
Next Trough Range: June 12th - June 16th 2023
Next Peak Range: 16th May - 20th May 2023

Sigma-L Recommendation: Buy
Time Target: ~ 18th May 2023
Price Target: N/A (Composite)

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