Audience: Trader Risk Amount: .05% to 1.5% Entry Price(s): 1500
Publication: Free Analysis (Promotional) Author: MKSara.com Ticker: XAU Description: Gold Type of Analysis: Technical Source of Analysis: Price Action Daily Candlestick
Trend Analysis: Consolidation Trend Velocity: Positive deceleration with a strong sign of Negative acceleration Current Price: 1500 5 Day Forecast: Below 1480 Price Range : 1515 resistance and 1480 support.
Conclusion: A retest at 1480 and lower is likely. 1459 an area of concern for support.
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