• USD/ZAR dipped on Monday as firmer gold prices supported the rand, while investors awaited key domestic economic data.
•Gold rose as a weaker dollar, rate-cut expectations and safe-haven demand from geopolitical tensions boosted prices.
• As a major producer of precious metals, South Africa typically benefits from firmer bullion prices, which tend to support export revenues and the local currency.
• Later in the week, investors will look to November consumer inflation data and producer inflation figures.
•Meanwhile, the nonfarm payrolls reports for October and November are due on Tuesday, with the October release delayed earlier this quarter by the government shutdown.
• Immediate resistance is located at 16.884(Daily high), any close above will push the pair towards 17.057(38.2%fib).
• Strong support is seen at 16.765 (23.6%fib) and break below could take the pair towards 16.706(Lower BB)
Recommendation: Good to sell 16.800 with stop loss of 17.000 and target price of 16.700


FxWirePro: GBP/USD recovers some ground but bears are not done yet
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



