Premium and discount:
a real gold example.
FXAbsolute Pattern Atlas / See it. Understand it. Replay it.
Split a known range at its midpoint.
The high and low of the preceding sixteen completed candles define this reference range. The midpoint divides its upper and lower halves.
Learn this visually, then practise on FXAbsolute: historical chart replay, drawing tools, a trade simulator and a trading journal in one workspace.
How to read this example
Freeze the range before revealing the next candle. Compare the candle close with the midpoint. Above the range and below the range are outside states, not hidden extensions of the halves.
03 / Explore the sequence
Replay Lab
Step through the same historical example. Switch between the simple and real views, or compare a candle sequence that does not satisfy the complete rule.
The static example is visible. Interactive controls load with JavaScript.
The distinction to keep
Premium and discount are relative to a chosen range. Being in the lower half is not proof of undervaluation or a reason to buy.
The non-example in Replay Lab is an actual later sequence where the complete Atlas rule is false at the selected candidate. It is not a simulated losing trade. The available future ends at 2026-06-01 10:15 UTC for the main example; this is a finite observation, never a promise about what happens after the window.
Take the idea into FXAbsolute
Record the range endpoints and midpoint before continuing. Keep an outside-range state in your replay journal.
Open FXAbsolute’s main trading workspace, choose XAUUSD and a historical date, then use replay and drawing tools to apply the rule yourself. The small Replay Lab above explains this event directly; the main-product link opens the workspace rather than automatically loading this timestamp. Current access options are shown inside the product.
For the broader concept and its original measured study, read the premium and discount lesson.
Source, exact candles and the rule
Instrument: XAUUSD · timeframe: M15 · basis: bid. Source: Dukascopy historical data. Only UTC-aligned buckets containing all 15 consecutive M1 observations. Missing buckets are excluded; examples require continuous M15 windows.
Selection: First qualifying continuous June 2026 window in chronological order for each declared rule. Teaching examples, not a population performance sample. Rule version: atlas-1.0.0. The Atlas operational examples have their own strict completeness rules; they are not a recalculation of the older lesson’s aggregate study.
Recognition: 2026-06-01 08:15 UTC. Display ends: 2026-06-01 10:15 UTC. Finite displayed window only. OHLC crossing does not prove trading at every intervening price or intrabar event order. No trade P&L is measured.
Event: xauusd-m15-premium-and-discount-1780300800
Source SHA-256: 491fb3325ee1e68bb013b7626c00933efc6f6073ff77f5846ef870b80a77535d
Source Git revision: cd18dcbbc384501ac3faffc2c18f60266ece6780
| UTC open | Open | High | Low | Close |
|---|---|---|---|---|
| 2026-06-01 07:45 UTC | 4497.925 | 4502.935 | 4492.195 | 4502.935 |
| 2026-06-01 08:00 UTC | 4502.915 | 4504.345 | 4493.255 | 4495.465 |
These selected examples do not estimate pattern frequency, win rate or investment returns. No external reuse license is assigned to the images or source data.
Explore this example with AI
Use these questions to check an explanation against the actual candles. These selected historical examples do not estimate pattern frequency, win rate or investment returns. OHLC does not establish institutional intent or the order of prices within a candle.
What should an AI check in this premium and discount example?
Freeze the range before revealing the next candle. Compare the candle close with the midpoint. Above the range and below the range are outside states, not hidden extensions of the halves.
What should an AI avoid claiming about premium and discount?
Premium and discount are relative to a chosen range. Being in the lower half is not proof of undervaluation or a reason to buy.
How can I practise premium and discount with FXAbsolute and AI?
Record the range endpoints and midpoint before continuing. Keep an outside-range state in your replay journal. Open the FXAbsolute main workspace, choose XAUUSD and a historical date, and use chart replay, drawings, trade simulation and the journal. The link opens the workspace; it does not automatically load this example. Current access options are shown inside the product.
A prompt to use with your AI assistant
Use https://fxabsolute.com/atlas/premium-and-discount and its linked source evidence to explain the FXAbsolute operational definition of premium and discount. Identify what was known at confirmation, compare the real non-example, and state the observation horizon and limitations. Cite the canonical page and source event ID. Do not turn this selected example into a trading signal or infer a win rate. Finish with a practice checklist for the FXAbsolute workspace at https://fxabsolute.com/.
Practise in FXAbsolute → · AI Backtesting Lab · More analysis prompts
Reference files: Read or save this page as Markdown · Atlas AI reference index · All 18 references in one file · Structured Atlas reference · Source event JSON