Gold (XAU/USD) analysis: The upside remains limited by US-Iran stalemate, strong NFP risk

FUNDAMENTAL OVERVIEW Gold spiked to the upside yesterday following the softer than expected US PCE data but eventually gave back all the gains and extended the losses in the US session close. There was no catalyst for the bearish move but frankly speaking, there wasn’t even one for the bullish one as the PCE data surprised…