XAUEUR - 11th December 2024 | @ 788 Hours (32 Days)
Founders Only Exclusive Report: 'B' class signal detected in XAUEUR. Running at an average wavelength of 788 Hours (32 Days) over 10 iterations since February 2024
ΣL Cycle Summary
This excellent cycle, sampled from 5000 hourly data points in XAUEUR is notionally the 40 day nominal wave using classical Hurst nomenclature. Running at around 788 hours (or 32 calendar days) it should be classed as the 40 day component when referring the original nominal model. For our purposes the nomination is not especially relevant but we can see this wave is highly stationary and likely recently troughed or is very near to troughing. The recent sharp up move in price suggests the former. We show both the hourly analysis and a lower resolution from the daily (with a longer time sample) to establish the dominance of this wave, below a wavelength of around 50 days.
A sample of XAUUSD, also shown below, reveals the same component (as may be expected) with a little more frequency modulation. Using both XAUUSD and XAUEUR as a composite retains the coherent part of the signal and is the optimal way to view this component.