The billions 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 fresh support.
