ΣL Gold Composite - 15th April 2024 | @ 56 Days

'B' 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 peaking

ΣL Cycle Summary

This component, previously superb and crowned the beacon in previous reports due to it’s tremendous profitability over several years, has now been downgraded to a ‘B’ class signal. This is due to modulation over the last couple of iterations, mainly caused by higher frequency periodic components in this case, which is relatively unusual. The time frequency plots below show this to be the case with power emerging at a couple of higher frequency bands. The strength of this component in the past merits a continued update though and I would not be surprised to see a return to dominant power and therefore correlation to price action in due course. At the current wavelength the component is now peaking, the most recent (subtle) trough likely having occurred mid March.

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 high-passed price with the extracted signal overlaid for visual clarity.