Marcelle_Nel

DRD Gold set for another push?

Long
JSE:DRD   DRD GOLD LTD
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.