The pair is correcting downwards after hitting today's high at 1056.55 dollars per ounce. Right now, we can see the pair getting closer to the lower Bollinger band and then go to the middle band area. However, the 50 and 200 days MA could act as a support if the pair continues to decline. The RSI indicates the pair is in a neutral zone. The supports to consider are at 1053 and 1049 dollars per ounce.

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