Gold Consolidating Under $2000, Bulls Hold Grip for Now

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2019/04/f-gold44.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://www.actionforex.com/wp-content/uploads/2019/04/f-gold44.jpg 612w, https://www.actionforex.com/wp-content/uploads/2019/04/f-gold44-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>Gold is consolidating under new five-month high on Monday after larger steep uptrend stalled on approach to psychological $2000 barrier. Strong upside rejection on Friday points to increased headwinds from $2000 zone which marks significant obstacle, prompting traders to collect some profits from over 7% rally in past two weeks. Overstretched daily indicators also contribute […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/524222-gold-consolidating-under-2000-bulls-hold-grip-for-now/">Gold Consolidating Under $2000, Bulls Hold Grip for Now</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

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