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| Price | ▲ 2.30% | ▼ 3.34% | ▼ 0.29% | ▼ 1.43% |
| Energy | ▲ 22.3 | ▼ 25.8 | ▼ 37.7 | ▼ 39.4 |
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: -27.88%
- Distance to upper bound of Bear Bias (at -20.88%): 7%
- Distance to lower bound of Bear Bias (at -60%): 32.12%
"Does history really repeat itself?" — 2AITRADING
The system just recorded XAUUSD in Bear Bias after the Weekly candle closed.
On the energy side, Energy delta -39.4%: Market Energy at -27.9%, previously 11.5%.
Time in Bear Bias energy zone: 1 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 03-06-2024 closed, XAUUSD was at 2,294.02, down 1.43% from the previous candle (2,327.2). Market Energy was -27.9%, down 39.4 points from 11.5%, 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 2,294.02, down 1.43% from the previous Weekly candle (2,327.2). This drop is larger than 58% of past drops on the Weekly timeframe for XAUUSD, across 283 candles since 2019.
How did XAUUSD Market Energy change from the previous candle?
Market Energy fell 39.4 percentage points from the previous candle — from 11.5% to -27.9%. This drop is larger than 86% of past drops on the Weekly timeframe for XAUUSD.
Do XAUUSD price and energy agree?
Yes. This candle recorded price moving down in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.
What state was XAUUSD in on the previous Weekly candle?
The previous Weekly candle had XAUUSD at 11.5%, Neutral — when this candle closed, XAUUSD moved down to a lower zone: Neutral → Bear Bias.
Where does XAUUSD energy sit within the Bear Bias zone?
At -27.9%, XAUUSD is 7 points from the upper boundary of Bear Bias (-20.88%) and 32.12 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 Bull Extreme with energy 93.5%; GER40 (European equities) in Bull Extreme with energy 99.1%. Against this backdrop, XAUUSD (Bear Bias, -27.9%) lower than 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 Neutral with Market Energy -11.8%. XAUUSD energy is currently below DXY by 16 points.
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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