Long
DCN analysis
above 21/50 day EMA.
Gold prices have now broken its 52 week high at US$1546
this will see DCN to have more volume roll in as people run to gold to invest
However has slightly fallen from its upward trend channel, but is still above higher low support so it's a pull back.
In my opinion, DCN is a possible buy as the tensions are continuing to increase drastically, along with DCN picking up greater speculation in the market
Gold prices have now broken its 52 week high at US$1546
this will see DCN to have more volume roll in as people run to gold to invest
However has slightly fallen from its upward trend channel, but is still above higher low support so it's a pull back.
In my opinion, DCN is a possible buy as the tensions are continuing to increase drastically, along with DCN picking up greater speculation in the market
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.