In this video, the Trader Guy looks at the commodity, gold for the February 15th session.
Gold/USD — The Thursday session saw the market to pull back initially, but then found support at the 20-day EMA. The macroeconomics data and the dovish Fed are not helping the greenback at the moment. That can cause the gold markets to rise further up. The 1,325 level now looks like resistance. The market is in the process of building up inertia to break to the upside, with the 1,400 as the target. So, pullbacks are seen as buying opportunities.