AfroTez

DRD Gold Analysis

Short
JSE:DRD   DRD GOLD LTD
The dive continues as we see DRD share price still below the downtrend resistance and quickly approaching the R15 support line. We could possibly see a rebound at this point but big enough chances can also lead the support line to fail and we see lower lows.
Bitcoin and other crypto currency’s seem to be taking an opposite reaction to gold price rally and possibly when the Bitcoin price drops we will see the opposite for gold.
For now lets take a pause and wait to see what happens at support.

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