Bearish bias in XAUUSD
XAUUSD
XAUUSD last printed 4213.07 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 2.16 %.
History turned up 425 similar trends that did not overlap. 167 closed bullish 20 hours later and 258 closed bearish. 61 % closed lower, a bearish bias strong enough for a note.
The average advance on the bullish closes was 0.57 %. The average decline on the bearish closes was -0.65 %. Across the whole set, the average move 20 hours later was -0.17 %.
425 prior trends is a broad history. The bias describes where price already closed. It does not set the next bar.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| XAUUSD | 4213.07 | 2.16 % | 425 | 167 | 258 | -0.17 % |
This is not financial advice. It is an indicator based on statistics from historical data.