The pair is remaining to be within a larger trading band. We are in negative mode, but slightly becoming oversold. Based on the ranges we have seen, one could attempt to be in BUYING mode, but careful as always. gold is strong, but am still having the view to see recovery. Other assets(if we wish to use that term) like BTC and ETH are also overbought, and could drag gold down, hence an improvement for USDZAR over time.
Strategy BUY @ 17.6875-17.7350 and take profit near 17.8875 again.
Strategy BUY @ 17.6875-17.7350 and take profit near 17.8875 again.
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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.