In this video, the Trader Guy looks at the commodity, gold for the February 12th session.
Gold/USD — The Tuesday session was slightly bearish for gold. Now, you can expect the market to look for support at the $1,550 level. Also, the 50-day EMA will offer support. So, short-term dips are buying opportunities. A daily candle close above the $1,600 level is very significant and the next target is going to be the $1,800 level. The $1,550 level is seen as the line in the sand at the moment. The market could remain choppy with a bullish bias at the moment.
