Gold Trading has China slow down pressure

Gold Trading has China slow down pressure

Gold trading has China Slow Down pressure

Gold is Tricky in the sense that it is a disaster/war hedge. Many people consider it a risk off investment, but actually it is too volatile for a risk off hedge in a trading account. Buying physical is for the dips in the market, and finding the Oversold areas of the market create great buying opportunities – in physical. The slow down in China could put physical gold back into the markets as margin calls, factory closings, increase Bankruptcy’s will start to increase.

Gold Daily Chart 300x147 Gold Trading has China slow down pressuregold trading 2
There is some support coming in also 1240 and 1200
With resistance at 1350 and 1395-1400

Post from: Day trading course – S&P 500 Day Trading Coach

Gold Trading has China slow down pressure

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