In this video, the Trader Guy looks at the commodity, gold for the June 29th session.
Gold/USD — The Friday session saw the gold market to pull back a bit. However, the $1760 level offered strong support with the formation of a hammer candlestick. The coronavirus situation is causing the flow of investments towards the safe haven, which includes gold. Hence, dips are seen as buying opportunities, with the 50-day EMA to offer support.