Gold prices are falling...
Reasons ?
USD moves up. Fear of a rate hike.
Previous experiential scarring
Commodity prices down.
Oil prices falling. Middle East buyers hesitant.
Understated Chinese holdings.
India's internal gold mobilization moves.
No technical support.
Forex reserves seem to have only a small percentage in gold.
With China in a state of stock shock, consumers would defer buying gold.
Sell on the fact.
This blog offers no investment advice. The views expressed are without risk or responsibility.
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