The pair started the morning with strength, after marking 10 hammer candles on the one hour candle chart, stopping close to 1200 at 1199.65 dollars per ounce. Since then, the price is turning, breaking the resistance at 1195.5, but not consolidating it, which leaves it intact. Marking am intraday fibo, the fibo 38.2% is the resistance that the pair found last Friday and the fibo 61.8% is the support that held the pair three times last week.

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