Bullish bias in XAUUSD
XAUUSD
XAUUSD last printed 4164.85 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved 0.45 %.
History turned up 81 similar trends that did not overlap. 50 closed bullish 20 hours later and 31 closed bearish. 62 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.61 %. The average decline on the bearish closes was -0.68 %. Across the whole set, the average move 20 hours later was 0.11 %.
81 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 | 4164.85 | 0.45 % | 81 | 50 | 31 | 0.11 % |
This is not financial advice. It is an indicator based on statistics from historical data.