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Technical analysis update: XAUUSD (8th November 2021)XAUUSD trades just 10 USD below its short-term resistance. We will observe gold in the following days and we will look for potential strength that could elevate price above short-term resistance. In our opinion such occurence would be very bullish development for gold. Indeed, we expect it to cause resumption of uptrend in gold. Because of that we continue to be very bullish on gold and our short-term price target is 1850 USD. Our medium-term price target is 1875 USD and long-term price target is 1900 USD. Technical analysis We expect price to continue climb higher as MACD, RSI and Stochastic are all very bullish. Though, ADX contains low value which suggests that trend remains neutral at the moment. Despite that we are bullish as we expect breakout above short-term resistance and eventual resumption of uptrend. We previously showed inverted head and shoulders pattern being formed. We later stated that pattern was taking too long to form and we abandoned it. However, resistance level at 1835 did not lose any importance. It is still valid level for breakout as it coincides with short-term resistance. Support and resistance Short-term resitance sits at 1835 USD while short-term support lies at 1750 USD. Next important resistance sits at 1916 USD and then major resistance appears at 2075 USD. Major support level sits at 1676 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
12
Franco Nevada - Bullish Breakout TradeStrong Financial Position No debt and $1.6 billion in available capital as at September 30, 2021 Generated $206.9 million in operating cash flow for the quarter Quarterly dividend of $0.30/share Sector-Leading ESG Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG Committed to the World Gold Council's "Responsible Gold Mining Principles" Partnering with our operators on community and ESG initiatives Goal of 40% diverse representation at the Board and top leadership levels Diverse, Long-Life Portfolio Most diverse royalty and streaming portfolio by asset, operator and country Core assets outperforming since time of acquisition Growth in long-life reserves Growth and Optionality Acquisitions, mine expansions and new mines driving growth 10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake Long-term options in gold, copper and nickel Noront consolidation likely to accelerate development of Ring of Fire properties 39.78x Price to Earnings (PE) ratio = too much FNV (CA$178.55) is trading above estimated fair value (CA$144.54) Technicals Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
NYSE:FNV
by TH_Analysis
XAUUSD - Daily LevelsQuick update from us following on from the KOG report on Sunday. We said at the beginning of the week we would be looking for more bullish momentum with the first target at around 1829. We've hit 1830 and rejected which also coincides with the trendline resistance on the Daily TF. We can still see some more bullish movement to come so keep an eye on the KOG levels we posted on the KOG report. We will be looking for a small correction tomorrow possibly targeting the 1805 level but will update you again tomorrow with our plan and trade idea. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
9
SIlver bulls charging up!Silver currently sitting at the $22 support point. Definitely a good area to be slowly accumulating Silver. Real physical Silver. With the way inflation is heading, I see Silver first heading up to test the next resistance point at 130, from there I suspect support to be built up and serious FOMO kicking in. From there, we run it up to $2300. I will be making a post on Gold later on today, it'll make a lot more sense as to why $2300 Silver isn't so crazy.
TVC:SILVERLong
by ashur123
9
Gold: Weekly Forecast 7th November 2021Despite the dollar has strengthened, the gold marked a strong weekly gain and breaks towards the upside. This could certainly help the gold to climb further but it will face strong resistance at the top of the symmetrical triangle and a strong supply level at 1828 which could provide a good short-term sell opportunity. After which, we will look for a buying opportunity again as the price pulls back towards 1807, follow by 1790 which is near the bottom of a newly formed rising channel. As such, we will have both buying and selling opportunities and this week's movement will give us a better idea whether the gold is ready for another bullish run or remain range-bound within the symmetrical triangle.
FX_IDC:XAUUSD
by AlgoVenture
1
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations. TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. From www.karoraresources.com HIGGINSVILLE GOLD OPERATIONS OVERVIEW Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia. The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits. HISTORY Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008. Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011. On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time. In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited. On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger. Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited. GEOLOGY Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting. The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock. MINING Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines. MILLING Processing is conducted through Karora Resources' Higginsville processing plant.
K
by TH_Analysis
Vox Royalty continues towards C$5 million revenue targetTORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021. Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing. Quarterly, year to date, and annual revenue guidance figures are summarized in the below table: Kyle Floyd, Chief Executive Officer stated: “We are pleased to announce another quarter of strong royalty revenue and multiple royalty-linked production records at Higginsville and Koolyanobbing. The Vox portfolio remains on track to deliver revenue at the higher end of our expectations, even in light of revenue guidance doubling in July 2021. Further, we anticipate the first royalty revenue from our Segilola asset during Q4/Q1, following the achievement of commercial production at Segilola in October. The coming quarters present even more value accretive developments for Vox shareholders to look forward to, as we continue our industry-leading organic growth trajectory from 5 to 10 producing assets by late 2023.”
V
by TH_Analysis
XAUUSD - KOG REPORT! (4 Hour)4H: This is an interesting chart. We can see we’ve broken out of the trend and now we’re looking for the retest. We drawn in the 4H support and resistance levels for you to add to your charts as well as what we feel is the potential movement. Please do also read the weekly and daily analysis which we have shared separately for you. We can see the double top pattern and strong selling pressure bringing us down on Friday to break the neckline. A retest of the trendline break and strong resistance would represent an opportunity to again short the market for the 1735-20 levels as completion of the whole move is lower down. As we’ve shared on the weekly and daily charts, the levels are similar as are the areas of interest where we either want to go long or short. We’ve tried to illustrate on the chart as best we can with the arrows to show the levels we’re looking at and where to look for support or resistance to form. Please trade with caution this week as its the first week of the month and if this is a false breakout its likely we complete the trend to the upside. We also have a lot of news this week and FOMC on Wednesday which will move the markets. So expect the movement to settle after tomorrow into a range and then a potential breakout during and after FOMC. As always we will share our FOMC analysis a few hours prior to the statement on Weds. Our bias, as it has been from the 1960 levels is still bearish on Gold. We are however looking for a bottom to form soon where we would like to get in for some long term long positions. We have shared another 4H chart below with the immediate key levels. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
XAUUSD - KOG REPORT! (Daily)Daily: We’re going to share the same chart we used on Friday for this as its really important to show the trend we’re in on the daily as well as the immediate support and resistance levels. We can clearly see a strong attempt to break the short term trend line resistance to the down side. We have support just below at the 1770 level and resistance just above at the 1785 and 1795 levels. If we see support at the 1770 levels we would expect there to an attempt again at the 1785-90 level. What we’re looking for here is resistance at the 1790-95 levels again for this to go down further and test the 1750-45 region first and below that 1730-35. Resistance at the 1790-95 level would also potentially start the formation of a H&S on the daily. We’ve taught our students how to trade this pattern specifically on Gold as the volatility on this is quite individual to the pair. 1770-75 is an important level as well as 1805-6 where we keep rejecting. The concerning thing for us is that we have an Excalibur target around the 1815-17 region, so we are expecting there to be a move up to that price point some, we would also imagine there to be a lot of stops placed around that price point as well as break even trader. Key daily levels: 1805-7 1790-95 1785 1770 1760-55 Negative below 1770 – If this level turns into resistance we can look to target the 1750 region and below that 1735-35 This is just our view, please do your own research to make an informed decision. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
XAUUSD - KOG REPORT! (Weekly)Weekly: In last weeks KOG report we suggested we were looking for support below and for the price to target our Excalibur level of 1810. We were looking for higher but we rejected near enough exactly at that level. This week we're going to do something a little different. We're going to do a top down analysis and share it with the community, starting with the weekly chart and ending with the 4H. This will hopefully give traders a clearer insight into what we're looking at and what we're looking for. We’ve zoomed out and looked at the trend, chart patterns and fractals going back to 1971. We can see that its obvious Gold is in an overall uptrend as the long term channel shows. We’ve taken the support and resistance levels from previous highs and lows to give you the weekly levels as well as tried to illustrate the smaller patterns and channels. We have also added the immediate range showing you the levels we are likely to see price testing in the coming weeks. There are some key points and references: If you look back at the 2011 (please zoom out of the chart, we have illustrated the pattern) and look at the triangle created you can see we’re following a similar pattern. Now we’re not saying we’re expecting the price to do the same thing, we’re merely suggesting we could face a similar scenario. We have to trade the chart how we see it and how it presents itself, not how we want to see it and what we want to happen. We’ve taught our students about how to trade triangles and what to look for so this is our first point of focus. We have the immediate range high and low which is 1830 and 1720. Our ideal scenario in this case is a test on that 1830 level one more time where if we face resistance we feel would represent and opportunity to short the market for the lower support region. Now, we’ve looked back over the last 10yrs and the seasonality of Gold on the Monthly and weekly charts. You will see that Nov is either a ranging month or a negative month for Gold. If we look at the chart and the potential triangle we’re in we would expect this to test both the levels mentioned in the range at some point during this month. We’ll add a 4H chart later to show you the range and where we feel are long and short zones. Even after the small sell off on Friday we’ve still closed as a bullish candle. We would expect an attempt on testing the high of the Oct candle which will again lead us towards the 1830-35 region. Nov monthly candle close is really important to determine the next trend in Gold and it leads us towards the end of the triangle so please trade this carefully, the chart is lining up for a breakout on the longer term time frames and its likely when it moves after such accumulation it will be a big move. Key levels: 1829-35 1812-17 (we have an Excalibur target here) 1783-87 1750 1720-25 1682-87 This is a weekly time frame and represents our short to medium term outlook. Please use as reference only. As always, trade safe.
FX:XAUUSD
by KnightsofGold
8
Gold Ranging, Buy at DemandGold was up over 22 USD but threw most away through the US session. We can see that the market structure is an upward ranging one thus any gains could easily lose momentum and return to the lower band of the range. Right now, the price seems to have found support at 1768, but there's still quite a bit downside to reach the range bottom at 1760. We will be looking for buying opportunity at the current level should the price continues to stay supported. Otherwise, the best price would definitely comes after a fake-break of the current low and reach the demand level from 1764 to 1760. Target wise we will aim for 1784 supply level.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Gold: Weekly Forecast 17th October 2021Gold climbed further just as forecast last week, except that it plunged on the last day and wiped out most gains. Despite so, both the high and closing prices are higher than the previous week and there's no change in the entire market structure. In fact, the price fell just enough to stay supported at a newly formed rising channel. This week, we may attempt to buy at the beginning of the week at the current price, or perhaps a further drawback towards the 1754 demand level. The target will be 1830 supply level and the top of the current symmetrical triangle.
FX_IDC:XAUUSDLong
by AlgoVenture
1
Is Gold gonna make or break?I must say, after tracking Gold for years, I find that this year (2021) is particularly challenging... In any case, it is now in a larger weekly triangle, and I am left wondering IF the next few weeks will see Gold shift out of the triangle and break out upwards. Watch the green circle area... There is some serious support at 1750, but no ignition for take off - yet. Jury is still out, and while I project, I prefer to wait a bit for this one. Gold is a longer term mover, and one that tends to be more robust in its trends. Thing is 2021 brings in new dynamics...
COMEX:GC1!
by Auguraltrader
1
Trading Range Breakout - Vox Royaltylooking back over 2021 the share price of this royalty company has done it all. We have seen a sell-off that culminated in massive volume (for this company) putting in a base. We then carved out a trading range before catching a bid to new 52 week highs. The recent breakout was welcomed, but the pullback to previous resistance on low volume, which is now acting as support, is crucial. Assuming the bull move is not over and buyers buy into value, the measured move of the trading range breakout would take us up to C$5.00 in the last 7 days Vox is up 5.1% 1 year up 34.2% Oct 01 - Vox Provides Recent Development and Exploration Updates from Royalty Operating Partners Gold Standard Ventures, Genesis Minerals Limited, Metalicity Limited, Black Cat Syndicate Limited and Norwest Minerals Limited July 29 - simplywall.st
V
by TH_Analysis
Bullion Basing?Bullion Basing? While the rest of the commodity markets have been grabbing the headlines lately, you would have been forgiven for forgetting about the precious metals markets, however these now need to go back on your radar as we suspect that they are in the throes of basing. While we need more evidence to confirm, we would at least suggest that these deserve more attention. More specifically Platinum, Palladium and Silver. Palladium and Platinum have recently stabilised at their respective 200-week moving averages and platinum a couple of weeks ago even charted a key week reversal. A key week reversal is a trend reversal pattern – in fact these tend to work well so I would upgrade that statement to these are one of the more important reversal patterns to watch out for. In a downtrend, the price hits a new low but then closes ABOVE the previous week’s highs. The reason why I watch specifically the 55 week and 200 week moving averages and in fact watch the 55 and 200 daily and monthly period ones as well, is that as a 35 year veteran I have noticed that markets tend to mean revert to their long term moving averages particularly when markets are volatile. I have seen many times that markets move to and reverse from these moving averages and used in a simplistic way; while above these moving averages the trend is up, while below we can assume a negative tone. Also 55 weeks is virtually one-year and 200-week equates to approximately 4-years and they act as a medium- and long-term barometer of trend. So why not 50 or 52 week – because 55 is a Fibonacci number and I am a big fan of Fibonacci. en.wikipedia.org But when we see Platinum perform a key week reversal AND break above its 55-day ma AND Palladium reverse ahead of its 200-week ma AND silver reverse ahead of a multi-year pivot it is time to pay attention Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XPTUSD
by The_STA