Bullish bias in XAUUSD
XAUUSD
XAUUSD last printed 3988.31 on the hourly chart. The trend is the latest 48 closes, through the current bar. Over that period price moved -3.03 %.
History turned up 358 similar trends that did not overlap. 251 closed bullish 20 hours later and 107 closed bearish. 70 % closed higher, a bullish bias strong enough for a note.
The average advance on the bullish closes was 0.71 %. The average decline on the bearish closes was -0.45 %. Across the whole set, the average move 20 hours later was 0.36 %.
358 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 | 3988.31 | -3.03 % | 358 | 251 | 107 | 0.36 % |
This is not financial advice. It is an indicator based on statistics from historical data.