SGL - Right through support
SGL broke support at R13.30 but still in Bullish band.
Next strong support at R12.00. May bounce back from R12.00 and stay in the bullish band or break through to the downside - true bearish indication.
R12.00 maybe a good entry point if support is tested. Will also then be in oversold territory.
All depends on gold price and USD/ZAR.
Next strong support at R12.00. May bounce back from R12.00 and stay in the bullish band or break through to the downside - true bearish indication.
R12.00 maybe a good entry point if support is tested. Will also then be in oversold territory.
All depends on gold price and USD/ZAR.
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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.