Notes:
Longer-term trend could be a resumption to the upside, or a progress to further downsides (both scenarios are possible). But for this trade, I'm just interested to catch the pullback to some potential upsides for now. (Price is spiking to oversold in RSI & looking for a rebound back up.)
ZAR/Rand strength is said to be influenced by Gold price, so it would be interesting to note what XAUUSD is going to do (or potentially trying to do - for now & in the near future)... But do note that any political situation/matters can have a very big-influence/impact too...
Best regards.
Longer-term trend could be a resumption to the upside, or a progress to further downsides (both scenarios are possible). But for this trade, I'm just interested to catch the pullback to some potential upsides for now. (Price is spiking to oversold in RSI & looking for a rebound back up.)
ZAR/Rand strength is said to be influenced by Gold price, so it would be interesting to note what XAUUSD is going to do (or potentially trying to do - for now & in the near future)... But do note that any political situation/matters can have a very big-influence/impact too...
Best regards.
