Bullish bias in XAUUSD
XAUUSD
The gold spot price reached a close of 4118.930000 during the most recent hourly session. This follows a forty-eight hour period where the market saw a total change of -1.39 percent.
Historical scanning identified 337 similar forty-eight hour periods. Out of these occurrences, the price finished higher in 61 percent of instances. This indicates a consistent bullish bias during those sessions.
Within those previous occurrences, the average gain during bullish outcomes was 0.74 percent. Conversely, the average loss for the bearish outcomes was -0.63 percent. The overall average move was 0.20 percent.
A sample size of 337 matches provides a significant basis for observing how these trends typically resolve. This volume of data helps stabilize the average move calculation and reflects historical behavior.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| XAUUSD | 4118.93 | -1.39 % | 337 | 205 | 131 | 0.20 % |
This is not financial advice. It is an indicator based on statistics from historical data.