The strong plunge mid-Tuesday was stopped by the 200-hour SMA.
On Tuesday morning the yellow metal's price remained below the 1,300 mark.
The surge of the US Dollar against the Japanese Yen continued on Tuesday, as the currency exchange rate extended its gains.
GBP/USD breached the 200-hour SMA early on Tuesday which might point to further downside potential.
The Euro has fallen in a range between the 55-, 100- and 200-hour SMAs.
The bullion has made and failed at another attempt to surge above the 1,300.00 mark.
The previously described dominant support of the USD/JPY currency exchange rate has done its job.
The Euro has accelerated against the US Dollar following a reversal from 1.1740 mid-Friday.
The Sterling found support at the 100-hour SMA early today.
The most notable developments on Friday on the charts of the yellow metal were on the daily chart.
On Friday, the USD/JPY currency exchange rate had retreated down to the support of the dominant ascending channel up pattern.
Technical indicators point to further decline today.
This session might be led by the 55-hour SMA.
The yellow metal remains in the previous ranges. However, there is something more notable than the price level.
On Thursday the USD/JPY currency exchange rate had declined below the 110.00 mark.
The Euro still shows slight upside potential in this session.
A reversal to the downside is expected during the second part of the day.
The yellow metal's price has made an attempt to surge above the resistance of 1,300.
On Wednesday morning the USD/JPY currency exchange rate met with the resistance of the 110.20 cluster, as it was forecast on Tuesday.
EUR/USD shoots up unexpectedly early on Wednesday.
Reversal for GBP/USD is expected during the second part of the day.
On Tuesday morning the yellow metal's price continued to trade in the range between 1,290.00 to 1,295.00 levels.
On Tuesday morning it could be noticed that the US Dollar was attempting to break the medium term resistance against the Yen, which was discovered only on Monday.
EUR/USD is expected to remain in the 1.1660/1.1750 range today.