The pair is rebounding on the 1115.30 pivot point, trading right now at 1117.18 dollars per ounce. Since yesterday's session, the precious metal is falling 20 dollars after some profit taking by investors and after the rise of the safe haven assets demand.The price is correcting to the middle band of Bollinger, after breaking the lower band, while the 20 days CCI is around the oversold area. According to the Parabolic SAR, the pair shows selling signs, while the price could consolidate with the 50 and 100 days MA in the next hour. Above, the resistance is at 1121 dollars per ounce.

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