XAU/USD consolidates gains ahead of Jackson HoleGold / U.S. DollarFOREXCOM:XAUUSDFOREXcomGold has entered into a consolidation mode following the big gains in recent weeks, ahead of Jackson Hole. The trend is bullish on the lower time frames as indicated by the higher lows and higher highs, and the trend line. Support is seen around $4500, then $4450 and finally $4,400. Bearish if we go below the latter. Resistance is seen in the range between 4665 to 4700. Brea that and 4840-4890 range could be next upside target. By Fawad Razaqzada, market analyst with FOREX.com