ΣL Gold Composite - 6th October 2023 | @ 56 Days
Last trade: + 4.23% | '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 - 13 iterations since Aug 2021. Currently troughing
ΣL Summary
The beacon in Gold continues to beat in a sublime fashion as price moves to the next trough iteration shortly. The larger periodic component around 140 days is pushing down so watch for a possible early peak (left translated) in this shorter wave as we approach the end of October.