In this video, the Trader Guy looks at the commodity, gold for the January 14th session.
Gold/USD — The market saw a sideways price action on Wednesday. The Friday session from the last week was very bearish. However, the market has been trying to stabilize over the last three days. The 200-day EMA could be supportive. You need to see some dollar weakness for gold to pick up. Gold needs to clear resistance at the 50-day EMA and then the $1,900 level, which could be a psychological barrier. The market is still in an uptrend. So, pullbacks are buying opportunities at the moment.