The pair is supported by GOLD and the lofty levels attract lower USDZAR levels. Keeping in mind we are not correcting GOLD as yet, the pair may travel further south towards 17.5150 again
Please note GOLD is very overbought and any changes to it may spike the pair upwards. so we should take care a bit at present levels.
Strategy is CAREFUL SELL @ 17.6650-17.6800 and tight stop. Profit level @ 17.5350.
Please note GOLD is very overbought and any changes to it may spike the pair upwards. so we should take care a bit at present levels.
Strategy is CAREFUL SELL @ 17.6650-17.6800 and tight stop. Profit level @ 17.5350.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.