The metal dropped and is currently touching the bullish support that dominated the trading at the bottom recorded in the 24th of last April at 1268.00. The drop is still limited above 1285.10 at 50% correction of the bullish wave that started at 1182.00 reaching the top 1287.00 and also above the important support 1277.00.

To confirm the downside move and its extension, the pair should break 1277.00 and without that, we might see new bullish attempts. Of note, the general technical formation of the pair tends to be negative now due to the possibility of forming the bearish continuous symmetrical Triangle Pattern if levels 1277.00 were broken.Without confirming breaking the referred to level, new bullish attempts are possible in addition to cancelling the classic pattern.