Francis Hunt, The Market Sniper, looks at the Gold market, and further gives the outlook for the yellow metal and USD/ZAR
Technicals favour a downside move
Hunt looks at a few charts for Gold prices and notes that the precious metal shows a continuation pattern. He sees the price action in the technical charts as favouring a downside move towards $1000 levels.
USD/ZAR: The Gold Correlation
Hunt comments on the co-relation of USD/ZAR with the Gold prices. And further forecasts the cross to touch 13 for those looking for the continuation to extend.