#GLD Newgold etf on the cusp of a massive breakout
Updated
NewGold ETF which tracks the rand price of Gold has been knocking hard on the R360.00 level. A breakout of this level should see an explosive move upwards which possibly supports the longs i am seeing in DRD and AngloGold. The break of the flat top triangle targets R386 which is an approximate move of 7% in the rand price of gold.. Good, especially for our local miners such as DRD, Harmony and Pan African #DRD #HMY #PAN
Note
Target achieved and more
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