Bullish bias in XAUUSD
XAUUSD
XAUUSD last printed 4163.86 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -0.84 %.
History turned up 85 similar trends that did not overlap. 57 closed bullish 20 hours later and 28 closed bearish. 67 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.54 %. The average decline on the bearish closes was -1.17 %. Across the whole set, the average move 20 hours later was -0.02 %.
85 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 | 4163.86 | -0.84 % | 85 | 57 | 28 | -0.02 % |
This is not financial advice. It is an indicator based on statistics from historical data.