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Preview build. Competition data on this site is sample data for design review. Participants, forecasts, prices and statistics shown here are not real.
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How the weekly result is produced, from the Friday cutoff to the final ranking. Written to be readable — the binding wording lives in the Official Rules.
Every section below is one of these three steps, explained.
Step 1
Midpoint = (Bid + Ask) ÷ 2
Both sides of WeGolden's own quote, averaged at the Friday cutoff.
Step 2
Official Price = Midpoint rounded to 2 decimals
Two decimals — the same precision a forecast is submitted in.
Step 3
Difference = |Forecast Price − Official Price|
How far a forecast landed from that price, in either direction.
You forecast one price: the official XAU/USD spot price captured after the Friday cutoff. Not a direction, not a range — a single number.
The instrument is XAU/USD spot. The unit is US dollars per troy ounce, to a maximum of two decimal places.
The official price is captured at 17:00 on Friday in the America/New_York time zone. The zone is applied as a named time zone, so the cutoff stays at 5:00 PM New York across daylight saving changes.
All deadlines are shown in New York time (America/New_York).
The official price is the midpoint of WeGolden's own bid and ask at the cutoff, rounded to two decimal places.
Source
WeGolden's own bid and ask for XAU/USD, read at the Friday cutoff of 17:00 America/New_York.
A midpoint sits between the two sides of the spread, so no participant is advantaged by forecasting toward the bid or the ask. It is also the figure least sensitive to a momentary widening of the spread.
The captured quote must be live at the cutoff. A stale quote is not used; the capture is retried within a short window and, if it still fails, the week moves to a price exception.
If the market is closed at the scheduled cutoff, the official price is captured at the next available cutoff and the change is announced before the deadline wherever possible.
If the primary feed cannot produce a verified quote, a pre-declared fallback source is used. The source actually used is always published with the result.
Source
A pre-declared fallback market data source, used only when the primary feed cannot produce a verified quote. The source actually used is published with the result.
Your difference is the absolute distance between your forecast and the official price. Direction does not matter — being USD 5 above and USD 5 below are equally close.
Only forecasts within USD 30.00 per ounce of the official price enter the winner pool. A forecast outside that band is valid but not eligible for a reward.
The lower difference ranks higher. If two differences are identical, the earlier submission ranks higher.
If the official price cannot be verified, the week is marked as a price exception and results are paused rather than published provisionally. The week stays in the public history with that status.
Price ExceptionEligible
Within USD 30.00/oz, so this forecast enters the winner pool.
Not eligible
A valid entry, but further than USD 30.00/oz from the official price, so it cannot win.
This page explains the method. Where the two differ, the Official Rules govern.
The English version of these Official Rules is the governing version. Translations are provided for convenience only.