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Commodities · indicator signal

Bollinger breakout up on Gold

On Gold the bollinger breakout up showed up 27 times. The target came first 41% of the time, the stop 59%, and 0% went nowhere within 12 candles.

Counted on Gold futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily1540%60%0%
Hourly1242%58%0%

Gold against the rest

ChartsFoundTarget firstStop firstWent nowhere
Gold2741%59%0%
All Commodities charts8241%55%4%
Every market11,28739%58%3%

Year by year

YearFoundTarget firstStop first
2023333%67%
2024633%67%
20251136%64%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the bollinger breakout up is

After a tight squeeze, price closed above the upper band.

Squeeze a spring tight and let go, and it jumps. Bollinger Bands are lines that hug the price, getting narrow when things are calm and wide when things get wild. After a tight squeeze, a close above the top band is like the spring jumping up.

The full bollinger breakout up lesson, video and quiz ›

Other patterns on Gold

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · MACD bearish cross · Doji · RSI overbought drop · Volume profile bounce · Volume profile rejection · EMA 9/21 bearish cross · all of them

The bollinger breakout up elsewhere

Crude oil · Sensex · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Ethereum

Questions

How often does the bollinger breakout up work on Gold?

In 27 cases on Gold, the target (1.5 × ATR) came before the stop (1 × ATR) 41% of the time and the stop came first 59%; 0% went nowhere within 12 candles.

What is the bollinger breakout up?

After a tight squeeze, price closed above the upper band.