A change in trend direction occurred when the MACD crossed bullish.
A bullish stance is applicable above 1360.
Crossing below this level will negate the bullish stance.
Upside price momentum supports the bullish trend.
Remains a risky trade.
If gold's price continues to stay elevated and push higher then I believe DRD Gold will push higher too.
It has broken out of the trend line and looks set to move higher, which coincides with gold breaking out too.
Strikes aside, I think pullbacks will be an opportunity to add to positions.
Price targets are highlighted on the chart, with predetermined profit...
Gold generally is taking a beating
but if we can a STRONG BULLISH CLOSE candle this month or anytime sooner to prove to us that we have a strong support thats being respected.
We go long or wait...
the breakout on the channel we will see a new rally on the share price the test can continue further as indicated on the support that can be a good buy before the breakout
DRD pullback of share price close to bottom
Final chances to Add to portfolio on dip in Gold due to easy Fiat Currency Stimulus?
Bull markets for gold in the next decade AAA+
- Broke out of a downward channel
- RSI has bullish divergence
- Stoch RSI is bouncing off of 85 and looks similar as a run in 2019
- Golden cross on the 1W MacD
Im long!
