Bullish bias in XAUUSD
XAUUSD
XAUUSD settled at 4120.030000 following a session where price action showed a bearish trend of -1.08 percent over the last 48 hours. This movement defines the current market environment.
Scanning the database revealed 372 similar historical periods. Within this group, the price finished higher 62 percent of the time, totaling 231 instances where the market reversed.
The average gain for the bullish instances was 0.74 percent, whereas the average loss stood at -0.62 percent. Combining every match results in an overall average move of 0.23 percent.
A sample of 372 matches provides enough historical data to stabilize the average return. This depth of data helps describe how the current period relates to previous sessions that shared similar characteristics.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| XAUUSD | 4120.03 | -1.08 % | 372 | 231 | 140 | 0.23 % |
This is not financial advice. It is an indicator based on statistics from historical data.