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TFC Commodity Trading Forum

Gold/ Showing a lot of Strength *PIC*

With the selloff in commodities and equities throughout June Gold stood up remarkably well. And one of the best ways to judge a market isn't how high it rallies but how well it holds up when the broad markets are selling off. This will tell you whether it is in strong hands or weak hands and it looks like Gold is in very strong hands with the way it has held its price. And this is the seasonally weak period of the year when Gold tends to bottom. Even a rally in the U.S.$ earlier didn't see Gold selloff. Very impressive price action for sure.