In line with expectations, the pair continued to move horizontally near resistance zone located at 1,276.00.
Despite a short-term spike caused by General Flynn admission of guilt the pair is still fluctuating near the bottom boundary of a long-term dominant ascending channel.
During previous trading session the pair continued to fall towards the bottom boundary of a senior descending channel.
Publication of information on the US GDP that matched with the breaking point of a little symmetrical triangle led to 0.9% drop of the yellow metal's price.
Previous trading session the pair spent fluctuating between the 1,297.00 and 1,292.00 level amid the encouraging macro news from the US and disturbing news from North Korea.
In result of the previous trading session, the pair confirmed transformation of an ascending channel into the rising wedge formation.
On Friday, the exchange rate made breakout from symmetrical triangle pattern to the south.
In result of fluctuations in a limbo between the 1,295.00 and 1,287.22 levels the exchange rate has formed a minor symmetrical triangle.
During the previous trading session, the exchange rate continued the soar from the bottom edge of senior ascending channel.
In line with expectations, the exchange rate failed to bypass the 100- or 55-hour SMAs yesterday.
Rising concerns over Merkel's inability to form a government, led to active appreciation of the buck, which, in turn, dragged the exchange rate to the 1,277.00 level.
Due to concerns over successful vote on the new tax reform, the gold inched to the top, trying to reach the monthly R1.
A sudden demand for safe haven assets created an upside momentum that allowed the pair to break through combined resistance set up by various MAs and the monthly PP.
In result of release of the US macroeconomic data, the exchange rate returned back to the monthly PP at 1,279.41.
The yellow metal is climbing upstairs against the after making a rebound from the bottom trend-line of a large ascending channel.
The yellow metal is continuing lose value against the buck under the pressure from various moving averages.
On Friday, the pair lost 1.1% in value in result of sale of four million ounces of gold just in ten minutes.
The bullion is continuing to trade against the buck in large ascending channel and junior rising wedge formation.
The yellow metal is continuing to gain value against the buck in a large ascending channel.
The yellow metal lost its value, as concerns over situation in the Middle East have eased.
Anti-corruption arrests in the Saudi elite raised concern over stability in the Middle East and drove the prices of gold up.
Following a release of data on the US ISM Non-Manufacturing PMI, the exchange rate fell to the 1,266.00 mark.
Contrary to expectations, the new Fed Chair announcement did not cause great volatility in the marks.
Anticipation of the new Fed Chair pick led to short-term appreciation of the bullion againstthe buck.