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DRD GOLD LTD
Long

Rectangle Bullish flag

134
DRD

DRD Gold

Gold stocks have been rallying alongside the gold. Most have subsequently consolidated. DRD Gold is no exception.

We have a rectangle bullish flag on DRD. Its been consolidating for a couple of months now.

I have my resistance level of the flag at R28.68. I’m looking for a 3% break and close (above 29.55) levels. Looking for a long trade targeting R36 (Height of the triangle)

If Gold rallies again Gold stocks should rally as well
VillageTraderZA
Also on:
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsTrend Analysis
VillageTraderZA
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.