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Commodity Trading Discussion Forum

Gold/Holding up well with a strong DX *PIC*

Posted By: Trades
Date: Tuesday, 3 November 2009, at 10:40 a.m.

GC is holding up exceptionally well with a rising DX. Recent price action from the DX lows showed Gold drop back slightly to the Sept high support with the DX bounce and then price rallied in the face of a strong DX. Very impressive price action for Gold. Historically Oct is the weakest month of the year for Gold as well with Nov and Dec bullish. Next price resistance is the double top at 1072.

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