Major Chinese banks (like ICBC, Ping An, and Postal Savings Bank of China) announced they will halt retail precious metals trading linked to the Shanghai Gold Exchange, forcing clients to close their positions or take physical delivery by July 24, 2026. This is designed to curb excessive risk-taking and leveraged trading, not a ban on physical bullion
Once you get used to the 1H and 4H timeframes, you'll have a better idea of when a long or short is likely. Gold moved around $150 yesterday and about $100 today, so today's move was pretty much expected.
