S&P 500 Tops The Chart, Gold Finds His Way (?), USOIL On A Straight Way?

[FXMAG]

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XAUUSD attempts to bounce
Intraday Market Analysis – Gold Stabilizes - 1

The bullions bounce higher as the US dollar softens across the board. Gold is looking to claw back losses from the liquidation in late January.

A close above the psychological level of 1800 would be the first step, pushing short-term sellers into covering their bets. The previous support at 1817 coincides with the 30-day moving average, making it an area of interest and important resistance.

A bullish breakout may send the metal to the previous high at 1847. On the downside, 1780 is a fresh support.

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