In this video, the Trader Guy looks at the commodity, gold for the February 27th session.
Gold/USD — Once again the markets pulled back looking for support on Tuesday session. The 1,325 level below looks supportive. Also, the uptrend line below could offer enough support. The Humphrey-Hawkins testimony by the Fed Chair, Jerome Powell is important. If he makes a soft stance, it will cause gold to rise. As long as gold stays above 1,300, this market is bullish. So, pullbacks should continue to offer buying opportunities. To the upside, the 1,400 level is the target.