Bullish bias in XAUUSD

XAUUSD

The gold spot price closed the most recent hourly session at 3939.300000. During the preceding 48-hour period, the market experienced a trend resulting in a positive change of 1.66 % leading into the candle.

A scan of historical data identified 43 similar periods. Out of these matches, a bullish bias was observed as 63 % of instances concluded with higher prices by the end of the duration.

For positive outcomes, the average gain was 0.91 %. The average loss stood at -0.86 %, bringing the overall expected move for the sample to 0.25 % across all periods.

With 43 occurrences found, this sample size provides a descriptive view of how price behaves. The distribution helps define the historical reliability of the current bullish bias.

The numbers

This is not financial advice. It is an indicator based on statistics from historical data.