The pair is declining and trading at 1129.07 dollars per ounce, right now. If we analyze the one hour candles chart, we see how the price is consolidating with the 50 days MA. If it's broken could make the price seek the support at 1126. For the rest of the session, traders will wait with anxiety the US market opening and the macro data from the US. If the data come in under expectations, the dollar could climb against its rivals due to its safe haven statute.

1126 is an area of potential upwards rebound, which could take the precious metal over 1135 again. The bands of Bollinger show the pair is extremely volatile, while the RSI is on neutral ground.

The CCI shows selling signs, right now.

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