Uncovering Hidden Insights in Gold and Silver Market Charts with AI
AI can detect subtle patterns which the human brain may not be able to. Here are three examples. In these examples the AI converts the charts into pixels as well as uses OCR (Optical Character Recognition) to quantify changes in shades of colours, measure ‘distances’ between lines, rates of change and so on. Here are some of the hidden insights it uncovered. 1. FAN CHARTS The fan charts above showing forecasted prices of gold and silver 60 days ahead were generated after 10,000 trials of a Monte Carlo Simulation. Q stands for quantile thus Q90 is 90th quantile. Gold's Q90–Q75 spread (47.6 points) is in fact wider than its Q25–Q10 spread (36.0 points). Gold's dollar distribution is modestly top-heavy: about 21.7% of upside room to Q90 against 18.2% of downside room to Q10, measured from the median. Silver's is extreme: +59% of room above the median versus −34% below. The model isn't merely uncertain about silver; it is saying that if it is wrong, it is far ...