After the US retail sales figures from February, the dollar is rebounding against the ounce of gold. Right now, the pair is trading at 1106.57 dollars per ounce, getting closer to the pivot point at 1103.60, before the psychological level at 1110.The price is clearing the lower band of Bollinger, while the 20 days CCI is clearly oversold. On the one hour chart, the Parabolic SAR shows selling signs, while the RSI is getting closer to 30 points, indicating a possible rebound. Above, the next resistance is at 1112.30 dollars per ounce.$$

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