The precious metal is advancing against the greenback, regaining part of the losses from a few hours ago. Right now, the pair trades at 1117.32 dollars per ounce of gold. The pair is focusing on the resistance at 1118.40. If cleared, it will leave the door open to the 1116.20 dollars per ounce support. According to the CCI, the pair is clearly overbought, while the RSI is slowly closing to 70.00 points.

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