2024-03-12 Gold News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The XAU exchange rates over the given period appear to fluctuate within a certain range. There's a notable dip at the beginning, followed by an upward trend. Moving forward, the rates mostly fluctuated between 3154.57413 and 3184.71338. It is important to note that the exchange rate showed minor volatility during this period - moving slightly up and down within this range but did not show a significant increase or decrease over time. Hence, it can be established that the exchange rates were relatively stable during this time range.
Seasonality and Recurring Patterns
Observing for any noticeable patterns or seasonality within the dataset is challenging due to the high frequency of the data points. However, minor fluctuations can be noticed consistently throughout the day indicating possible intraday volatility. Due to the lack of a substantial amount of data (only one day covered), it is difficult to point out any prominent daily or hourly patterns or any clear seasonality trends based on this dataset alone.
Notable Outliers
There are mainly three distinct levels of exchange rates - 3144.65409, 3154.57413, and 3164.55696, with a few occasional rises to 3174.60317 and 3184.71338 - these could be considered as minor outliers. However, they do not appear to stray significantly from the overall range and do not stand out as 'extreme' values, indicating that they are within the realm of normal fluctuations and volatility of exchange rates. Anomalies or outliers in financial data can sometimes indicate a market event or an error in the data, but in this case, it seems to be part of normal market behavior.
Conclusion
In conclusion, although there were some fluctuations apparent in the XAU exchange rates throughout the given period, the trend remained relatively stable. The minor spikes observed could be attributed to regular market volatility. Further investigation would be needed to find recurring patterns or seasonality - including analyzing a larger dataset and considering a variety of external factors.