Short USDZAR - Gold bullish and USD uncertainty

2020년 6월 28일

With gold looking bullish on the daily and broken past the previous resistance alongside the risk of a second wave of coronavirus in the USA. Investors/traders will be looking at the safe haven of gold to see through the storm. USDZAR having a strong correlation against gold should continue the sell off of USDZAR.

Worth noting that Coronavirus has spiked in SA aswelll which will add to the risk of this trade.