In this video, the Trader Guy looks at the commodity, gold for the April 8th session.
Gold/USD — The Friday session the market to pull back and look for support, as Thursday session saw buyers attempting to stop the market from falling. The market needs to clear the 1,300 level to the upside. The market needs to build up enough momentum to break it to the upside. The 200-day EMA below could offer support. With the major central banks like the Fed and the ECB trying to maintain a hawkish stance on monetary policy, you can expect the gold market to rise further from here.