Gold encounters bottleneck and rises slowly

Gold held above the key $1,900 level on Monday, falling as a result of a technical sell-off despite a 3% jump in the previous session as investors turned to safe-haven gold as fierce wars raged. Gold will likely remain a focus for traders looking to buy the dip. If tensions in the Middle East continue to escalate, shorting gold may not end well in the short term.

Yesterday, the market surged higher and fell back. It stopped falling and rebounded at the 1908 line below. The overall market formed a narrow range of adjustment movements at the high level.

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Comment:

Both oil and gold will go up when Iran says so. Take a chance