DRD Gold set for another push?

DRD is in a clear up-trend with no end in sight: gold is bullish around the world with demand ever increasing and bullion shortages all over. Most gold stocks have pumped dramatically in the last few months as the central banks print money into oblivion.

Based on the previous move and the confirmed 0.5 Fibonacci Retracement I am expecting another pump to around R 37.00 in the next month. The RSI has popped off a previous support line and the MACD is just about to cross to the upside. All these indicators point to a clear continuation of the bull-trend.


Why has the other major gold shares gone up quite significantly today, yet DRD was actualy down? Here is a snake in the grass.
Thank you for the analyses. Looks like a small inverse h&s are forming(22/7/20).R 37.00 is GOOD.
Marcelle_Nel Thinus5422
@Thinus5422, Hey Thinus, thanks for the comment. I also think this looks like a ISHS. Gold Fields Limited did the same thing about a month ago and is up nearly 50% since then. I fully intend in buying more of this stock if it retraced to around R 24.50 again. I highly doubt that as the gold spot price does not seem to have much downside anymore. It formed a very solid base at around $1830 ish, so I do not believe DRD will get back to 24.50. That said, I am diversified into Gold Fields, DRD Gold and Sibanye Stillwater, so I don't feel too much need to pile into DRD more. I have gotten very good prices in the other stock already so I am happy leaving this alone unless it really gives me a better price than R 25 again.
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