The pair continues with the large movement started on December 10th, trading at 1140.88 dollars per ounce. The price is consolidating with the 200 days MA, while the CCI and Stochastic show buying signs, right now.
The evolution of the pair shows that the price should break the resistances at 1141.08/1145 and then seek the 1150 dollars target.
Below, the steps to consider are at 1136 and 1120 dollars per ounce.
According to the bands of Bollinger, the pair shows high volatility, while the RSI is clearly overbougth.