I am worried about the gold price. It rallied two weeks ago but is not able to win more ground. Quite often is this the prelude to a correction. We saw it so many times before.
Maybe a downward move can be avoided if the price make its way through the 930’s soon, but otherwise we can be sure that lower levels will show up first, before the jump towards the magic 1000 USD limit.
A nice opportunity to show a renko chart of an all time favorite.
Maybe a downward move can be avoided if the price make its way through the 930’s soon, but otherwise we can be sure that lower levels will show up first, before the jump towards the magic 1000 USD limit.
A nice opportunity to show a renko chart of an all time favorite.
Durban Roodepoort Deep (ticker: DROOY).
A stock we follow for so many, many years. It’s a South African goldmine, not even a good one. But always fighting back. This stock had a nice rally (in dollars), but the tide seems to turn for the short term being. A sell-signal is given.
I have to agree with you mate, for me gold is a sell on the short term
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