The precious metal is weakening after the German ZEW economic data. Right now, the pair is trading at 1098.62 dollars per ounce. If the trend remains to the downside, we'll have a double floor at 1097, upwards potential rebound level, while on the upside the next resistance is at 1103,40 dollars.The bands of Bollinger show high volatility in the hour, while the one hour candles RSI is around overselling.

If we observe the stochastic and the CCI both were showing selling signs a few moments ago.