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| Price | ▼ 1.27% | ▲ 1.32% | ▲ 1.33% | ▼ 1.07% |
| Energy | ▼ 37.2 | ▲ 16.9 | ▲ 44.9 | ▼ 5.6 |
Trend of Bear Bias XAUUSD Weekly
▸When XAUUSD is in Bear Bias:
- then XAUUSD moved to higher Market State: 39 times — 65%
- then XAUUSD moved to lower Market State: 21 times — 35%
▸Current XAUUSD market energy: -29.63%
- Distance to upper bound of Bear Bias (at -20.88%): 8.75%
- Distance to lower bound of Bear Bias (at -60%): 30.37%
"Let data guide you, but never trust it completely" — 2AITRADING
As the Weekly candle completes, XAUUSD classified as Bear Bias of Market Energy.
At the Weekly session close, Market Energy dropped -5.6% from the previous session, from -24% to -29.6%.
Time in Bear Bias energy zone: 2 Weekly Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Not enough data in the past 5 days to show a range.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did XAUUSD price and energy show when this Weekly candle closed?
When the Weekly candle at 07:00 on 04-09-2023 closed, XAUUSD was at 1,919.09, down 1.07% from the previous candle (1,939.9). Market Energy was -29.6%, down 5.6 points from -24%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did XAUUSD price move on this Weekly candle, and how large is that historically?
XAUUSD closed at 1,919.09, down 1.07% from the previous Weekly candle (1,939.9). This drop is larger than 50% of past drops on the Weekly timeframe for XAUUSD, across 244 candles since 2019.
How did XAUUSD Market Energy change from the previous candle?
Market Energy fell 5.6 percentage points from the previous candle — from -24% to -29.6%. This drop is larger than 27% of past drops on the Weekly timeframe for XAUUSD.
Do XAUUSD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes a closed candle, not a forecast of where price goes next.
What state was XAUUSD in on the previous Weekly candle?
The previous Weekly candle had XAUUSD at -24%, Bear Bias — this candle kept the same state, no zone change.
Where does XAUUSD energy sit within the Bear Bias zone?
At -29.6%, XAUUSD is 8.75 points from the upper boundary of Bear Bias (-20.88%) and 30.37 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -26%; GER40 (European equities) in Bear Bias with energy -42.7%. Against this backdrop, XAUUSD (Bear Bias, -29.6%) sits in the same state zone as SPX500, GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Extreme with Market Energy 94.6%. XAUUSD (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for XAUUSD.
Open Energy ChartSee the full 2AiTrading Model data for XAUUSD on the XAUUSD overview →
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