2024-05-22 Gold News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Analysis of Overall Trend
After an initial examination of the dataset, it appears that there is a general periodic fluctuation in the XAU exchange rates ranging from approximately 3289.47368 to 3322.25914. The exchange rates show a steady pattern with slight deviations from the common values mentioned earlier. However, the overall trend over the period from May 21, 2024, from midnight to midnight, seems relatively stable. It appears that the value oscillates between 3289.47368 and 3311.25828 for most of the day, with brief periods where it rises up to 3322.25914.
2. Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns, the dataset shows repeated oscillations between certain sets of values. More specifically, it appears that the value cycles through the points around 3289.47368 to around 3300.33 to around 3311.25828 and occasionally peaking at 3322.25914. This cycle is repeated throughout the day, seemingly regardless of the time. Therefore, it can be deduced that this dataset has a recurring cyclical pattern rather than a specific seasonal pattern.
3. Identification of Outliers
In terms of outliers, values that stray from the previously mentioned commom values (3289.47368, 3300.33003, 3311.25828 and 3322.25914) can be considered outliers. From the given dataset, it appears that the outlier, if any, are not exceedingly different and are very minimal. This means that any significant exchange rate deviating from those values would be considered an exception.
In all, the dataset seems to depict a stable market with considerable predictability and few surprises, and as such, would instill confidence in the market participants for secure transactions.
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