As per our previous post, price held the major R60 level and rallied to just below the R67 hurdle.
We have had a 2-bar pullback now into a possible support zone, an area where i will be looking for longs. Bulls needs to keep it above R62 on the daily and worst-case scenario, the R60 level needs to be defended.
Price action on the smaller time frames will give clues to who is in control.
We have had a 2-bar pullback now into a possible support zone, an area where i will be looking for longs. Bulls needs to keep it above R62 on the daily and worst-case scenario, the R60 level needs to be defended.
Price action on the smaller time frames will give clues to who is in control.
