DRD Gold broke through a strong support line at 14.50 - Since February DRD Gold has been consolidating between R13.52-R15.71.
If it falls below R13.47 it could easily test the next support line at R11.89.
What I am looking for is a bounce off of R13.50 and a strong upwards trend that breaks through R15.60.
* I have a position in DRD GOLD with an average purchase price of R13.40.
I'll be looking to add if there is a bounce off of R13.50, and will continue to accumulate if this downtrend weakness persists.
The spot price of Gold is pushing higher and is testing $1800, a clear break above $1800 will open the door for Gold to run higher and test $1840 .
If Gold moves in that direction then DRD Gold should pusher higher. and benefit from a higher Gold price.
If it falls below R13.47 it could easily test the next support line at R11.89.
What I am looking for is a bounce off of R13.50 and a strong upwards trend that breaks through R15.60.
* I have a position in DRD GOLD with an average purchase price of R13.40.
I'll be looking to add if there is a bounce off of R13.50, and will continue to accumulate if this downtrend weakness persists.
The spot price of Gold is pushing higher and is testing $1800, a clear break above $1800 will open the door for Gold to run higher and test $1840 .
If Gold moves in that direction then DRD Gold should pusher higher. and benefit from a higher Gold price.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.