Cup and Handle has formed on DRD and is looking pretty good.
There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup...
Also Moving Averages have crossed up with 7>21>200
Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the price wants to trend up.
Mostly because investors are losing their faith and trust in crypto and they'll be investing in safe havens like gold. If you see here the chart is screaming a buy...
Target R14.12
There has been a retracement where it will be testing the uptrend as well as the Brim level on the Cup...
Also Moving Averages have crossed up with 7>21>200
Fundamentally, I am bullish on gold in the medium to long term. Despite the interest rate hikes, the chart is neglecting them and is showing the price wants to trend up.
Mostly because investors are losing their faith and trust in crypto and they'll be investing in safe havens like gold. If you see here the chart is screaming a buy...
Target R14.12
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)