In this video, the Trader Guy looks at the commodity, gold for the February 26th session.
Gold/USD — The Monday session saw the gold market to pullback a bit, but found support at 1,325. If this trendline could offer some support, then it could push the market towards the 1,350 level. The Fed President, Jerome Powell, is expected to speak in front of Congress. What he is going to say is very important. If he is going to sound dovish, then it could weaken the greenback and push gold higher. So, at the moment, short-term pullbacks will continue of offer buying opportunities. Gold is bullish, as long as the 1,300 level offers support.