The price is now trying to stay over the 1058 support. The 09:00 CET candle in the one hour graphic invites to the optimism of those who bet on the precious metal climb. This type of candle pattern needs a confirmation and, thus, the next should be an upwards one. The upper target is reaching a new year high to go near 1100. If 1058 is lost, the pair has potential to slide to 1053 dollars per ounce. the 20 and 50-day MA are not helping right now, and the 200-day MA seems to be very far away to come into play. The RSI is in an intermediate zone, slightly near the oversold area.

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