DRD GOLD LTD

JSE

DRD

Hopefully room to move a little higher still. Keeping an eye on the FED for further direction.

DRD H&S Chart formulation possible Trend accumulation on weekly chart keep a tight stop loss or take profits Markets seen Volatility and Oil price effects on Gold Fed rate cuts ? good for Gold

Following a Wyckoff analysis of DRD phase E markup is now in full swing. In 2018 institutions started slowly to accumulate the stock at low prices. Early this year there was some heightened interest seen with increases in volume with institutions stepping up the pace of accumulation. With a spring the markup started in phase D and after a backup, to the TR we are...

#DRD forming what looks like a nice little bull flag after its recent breakout.

DRD failed the first time and fell to below 3.00. Has since rallied all the way through to a new breakout attempt and is now targeting 3.60. Clearing 3.60 should open up more upside thereafter.

#ZAR significantly weaker - could very well be the catalyst to push DRD higher from here.