In this video, the Trader Guy looks at the commodity, gold for the January 28th session.
Gold/USD — Gold market gapped higher upon the opening of the Monday session. So, it makes sense that the market will likely pull back to fill this gap. So, pullbacks are seen as value at the moment. The 50-day EMA and the $1,550 level are seen supportive at the moment. So, selling is not recommended, and buying dips is the way to trade this market. To the upside, the $1,600 level is the next target.