In result of previous trading session the pair made a breakout from symmetrical triangle to southern direction.
The yellow commodity is continuing to move horizontally, as expected.
New trading week the exchange rate started with a plunge to the updated weekly PP, which was additionally secured by the 55- and 100-hour SMAs.
The price of yellow metal continued to rise until the pair reached its daily maximum at 1,326.00.
After bouncing off from the 1,305.00 level the yellow metal resumed the surge against the buck, similarly to the Euro.
After reaching above the 1,320 mark the yellow metal began a decline. Although, the decline seems more like a short term consolidation than a change of direction.
The yellow metal has continued to surge. The price on New Year's Eve surged above the 1,300 mark.
Factory activity in Chicago strengthened again by the end of the year, according to the MNI survey.
The yellow metal continued the surge on Thursday morning. However, before 08:00 GMT the metal's price had reached a medium term resistance line.
Although there was formed a combined resistance barrier, the yellow metal continued to appreciate against the gold.
In result of the previous trading session the bullion gained 0.7% against the buck.
The yellow metal has passed the support level, which forced it higher during the past trading sessions.
The bullion continued to climb upwards against the buck in the little rising wedge.
The price of yellow metal continued to grow yesterday despite the progress made on final adoption of tax reform.
In result of previous trading session the exchange rate has broken the three-week long descending channel.
The yellow metal is trying to pave the path to the north through the upper boundary of a medium-term descending channel.
Despite the progress made on tax reform, the buck did not notably appreciate against the bullion.
Despite the Federal Funds Rate hike the price of yellow metal increased to the 1,259.00 level.
In light of the upcoming FOMC meeting he buck continued to appreciate against the yellow metal yesterday.
Yesterday's trading session did not result in major price movements.
During previous trading session the pair did not make any significant advances.
In result of previous trading session the exchange rate has managed to break through the bottom edge of a large descending channel.
The buck is continuing to gain value against the gold in a junior falling wedge formation.
The main result of the previous trading session is that the pair managed to break through the bottom boundary of a one-year long ascending channel.