Audience: Trader
Risk Amount: .05% to 1.5%
Entry Price(s): 1500
Publication: Free Analysis (Promotional)
Author: www.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.
Risk Amount: .05% to 1.5%
Entry Price(s): 1500
Publication: Free Analysis (Promotional)
Author: www.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.