The pair is correcting lower and offering us a fantastic 120 pips movement today, after it was known that India reduced the precious metal buying. The pair is now trading at 1052,68 dollars per ounce.The price found a support at the 200-day MA, also pushed by a correction to the middle band of Bollinger, after being near the lower one. The stochastic show selling signals and the RSI is clearly overbought.