The pair is trading on the lateral sideways channel built on October 28th, in which offered us a movement of 100 dollars, so far. Right now, the pair is trading at 1137.03 dollars per ounce of gold. Despite the dollar's apreciation, the medium term outlook for gold are positive. If the trend reverts, the 50-days MA could act as aa resistance, while the support to watch is at 1126 dollars per ounce.

According to the CCI and RSI, the pair is on neutral ground.

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