ΣL Gold Composite - 8th November 2023 | @ 55 Days | + 7.56%
Last trade: + 7.56% | 'A' class signal detected in Sigma-L Gold composite (XAU vs USD/EUR/CAD/GBP/CHF/AUD/NZD/SGD/JPY). Avg. wavelength of 55 days - 15 iterations since Aug 2021. Currently peaking
ΣL Cycle Summary
A meteoric rise has typified the latest up-leg of this excellent component in gold, plotted against 9 fiat currencies and analysed with a time domain average via our composite below. The pullback now will likely define if the low in early October was of larger magnitude with the trough of this component expected toward the end of Novembe…