The price could be trying to correct the last large upwards movement from 983 to 1071 dollars per ounce. The pair formed lower highs since it arrived to the historical high. The last was 1054 and, right now, the pair is trying to build a resistance at 1051.5 and then gain momentum to go to 1043.8, before arriving to the fibo 38.2%. To break this correction, the price should wait at 1048.8 and then go up to 1053 and, obviously, consolidate the level. For that, the final target is 1058.7.
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