Pound strengthening, breaking the 0.382% retrace. An hour left in the monthly candle but it's finishing strong which usually indicates a continuation into the next month. Target 0.500%.
(...just in time for booking a driving and safari holiday!)
Possible long, could reject support and push up to 18.71 which is a neckline, that would confirm a long up to 19.59 although it could bull up to 19.79 at the 0.618 trend based fib extension point, further it could break up to 0.786 based on the long term uptrend it's following. It's an exotic pair so a long term hold would be costly on swap fees. It may form a...
This market is pretty significant. If we see any downside here, then gold will continue rallying as it has been doing over the past few weeks. I'm looking for one final drop in GBPZAR before a larger pullback into resistance