Accurately and reliably forecasting a currency is near impossible, however, its easy to have an opinion. The question is, what do you base your opinion on? As a South African, I follow the rand closely, particularly against the US dollar and the pound. One can use a purchasing power parity (PPP) or real effective exchange rate (REER) chart to calculate a "fair...
Honesty I’m no pro in trading, but I can’t help notice a down trend in gold!!! It’s a battle out here... the 🐻 down tending gold and the 🐮 resisting the fall!!!
pair climbed high breaking the highest res zone , forming a new zone, however price is dropping , DOUBLE TOP POTENTIAL, after break of neckline and price pushing below , zone low , strong sell must be anticipated.
This week Rand Price of Golde has broken R21000 and is looking strong. This is pulling Gold stocks on the JSE with it.
Gold in ZAR looking bullish on the hourly
South African Rand Gold PEG finalized in Mid-October...?