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Preciousmetals

Gold: Weekly Forecast 22nd August 2021The selloff of the gold continued through last week and trades steadily below 1800. A rebound that came last Friday was easily wiped out, essentially trapping more buyers. The market is clearly feeling bearish and we expect a revisit of the 15-month demand at 1700 in the upcoming week or the next. We could still see a potential upside back to 1770 - 1780 area while it consolidates at the beginning and that's where we are looking to sell. We could still look for intraday buy opportunity as long as 1750 stays unbroken.
FX_IDC:XAUUSDShort
by AlgoVenture
Vox Royalty - Resources“The construction contract award milestone for Mt Ida demonstrates Vox’s ability to identify and acquire royalties that are on the cusp of construction.” Read more about @vox_royalty's newest construction stage royalty here >> voxroyalty.com @GREngineeringServices $VOX Vox Royalty says construction is set to start at Mt Ida gold project in Western Australia tinyurl.com #VOX has provided development updates on the pre-production stage Mt. Ida Au project, located in Western Australia. Read here: bit.ly $VOX #mining #royalties #gold Intraday breakout descending trend line
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by TH_Analysis
Technical analysis update: XAUUSD (9th September 2021)In recent days XAUUSD dropped below 1800 USD towards it short term support around 1785 USD. Since then it rebounded little bit and it currently trades around 1795 USD. In the big picture we are still very bullish on gold. Especially in medium-term and long-term. Although, XAUUSD failed to break above its short-term resistance and travel through its confirmation area we detailed in our previous thoughts. We are closely watching upper bound of the downward moving channel. We think this upper bound currently acts as strong support and if it is broken then more selling pressure is likely to occur. However, gold seems as its trend is further weakening and becoming neutral. We are getting strong notion that gold will remain stuck trading between 1750 USD and 1840 USD for indefinite amount of time. Despite that we remain bullish and exepct eventual breakout to the upside from this area. Because of that our short term price target remains 1850 USD while our medium term price target remains 1875 USD. Technical analysis Stochastic is bearish. MACD is in the bullish territory. However, it stages reversal and needs to be closely observed over the next few days. Crossover by MACD below 0 points would be bearish for gold in the short term. RSI is flattening, however, its short term structure remains bullish. ADX is very low suggesting neutral trend and sideways moving price action. Closest supports sit around 1785 USD and 1750 USD respectively. Major support sits at 1677.686 USD. Strong resistance appears around 1835 USD while another important resistance sits around 1916 USD. Overall technicals are mixed. As we mentioned previously we are getting strong notion that gold will trade sideways for while before finally new trend commences. Our previous thought from 3rd September 2021: 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
6
Vox Royalty - channel breakout progressTechnically this share price is making higher swing highs and higher swing lows, within a descending channel. Descending channels tend to break in the opposite direction of travel. What is required is a breakout and retest of the upper bound of the channel, so investors know where the next level of support lays. Unique, defensible intellectual property Strong weighting to precious metals royalties Exceptionally strong M&A pipeline Track record of investing in royalties with significant growth or expansion catalysts Built in diversification - Exposure to a portfolio of projects Exceptional operating margins - No debt ----- Construction commenced at Janet Ivy expansion project Binduli North by Zijin Mining subsidiary Norton Gold; Scoping study begins on underground mining scenarios at Bowdens silver project by Silver Mines; 45% increase in total mineral resource estimates at Pitombeiras by Jangada; A$10M drill program underway and final project approvals targeted in 2022 for the Sulphur Springs project by Venturex; and Continued drilling and permitting update at Lynn Lake (MacLellan) by Alamos. Riaan Esterhuizen, Executive Vice President – Australia stated, “The last month has delivered a significant number of value enhancing organic developmentsfor our royalty properties, most notably the commencement of construction at the A$462M Binduli heap leach expansion project by Norton Gold. This Binduli expansion was the key near-term catalyst that Vox management anticipated when we acquired the Janet Ivy royalty in March 2021. Additional engineering study progress at Bowdens and Pitombeiras, combined with drilling success across numerous properties capped off a very exciting month for our royalty projects.”
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by TH_Analysis
Technical analysis update: XAUUSD (3rd September 2021)Since our last update on 27th August 2021 gold has traveled towards resistance around 1834 USD. It currently trades around 1830 USD. In the following days we will observe gold for strength. We will watch out for breakout above 1834 USD as we remain bullish on gold. Our short term price target remains 1850 USD and our medium term price target remains 1875 USD. We expect gold to continue march higher and surpass all time high over next 12 months. Technical analysis RSI is very bullish. MACD crossed 0 points to the upside as we recently predicted. Stochastic is bullish too. All this strongly bolsters bullish case for gold. Current immediate support/resistance sists around 1834 USD. Next major resistance is around 1916 USD. As opposed to that major support level is around 1714 USD while short term support is around 1785 USD. Prior developements from 23rd August 2021: Here we predicted crossover in MACD and breaking above 1800 USD pricetag. Prior developements from 10th August 2021: Here we noted that price was very attractive for long entry. 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
4
SILVER set upTaking a short entry on Silver today looking for a break down of this bearish continuation pattern and looking for a double bottom on this high volatility level. This zone has been bought up a few times in the past and is considered a high volatile area but these levels can break eventually if hammered enough and the HTF EMA's on silver arnt looking the best although could just be considered chop in a range. Will reassess trade in that level and look to flip long incase we do have a reversal and start making bullish market strucutre. A break down through that volatile area could get ugly for silver.
OANDA:XAGUSDShort
by DeNomics
Can Golds correction be nearly over?This week we learn whether the US Federal Reserve has made any further plans towards tapering their asset purchases. Currently, they remove $120bln of collateral out of the system and replace it with Reserve Assets. Also known as QE. QE has been designed to crush the interest rates so that people like you and me can afford to take on more debt as the interest payments are low. This is designed to stimulate us all into getting the economy up and running. Some may say that the stock markets hitting all-time highs is proof that QE works, but the markets are not the economy. Currently, we are in the middle of transitory inflation which is making living more expensive for the average person. The stock market is being buoyed by margin trading and the banks have been slow to lend, which is what SME companies need to grow. Tomorrow's announcement from Fed Chair Powell has been telegraphed as the point where he announces tapering. This should mean the market reacts with higher bond yields, and going by the recent relationship between the US10y and gold, the price of gold should come down. The major risk of course is that the Fed can not taper or if they do, they do it so slowly the market adjustment is negligible. In this scenario, the disappointment of expectations should be enough to get the gold price rising and the yields going towards zero or maybe negative. At which point gold should be above $2k per oz. The technicals show that the price of gold from the $2k peak has been in a descending channel and the probability is that this breaks to the upside eventually. That doesn't mean we don't trade lower within the channel. But ultimately I see this price action breaking higher. The near term trend could also be signalling a sharper rise as we are breaking out of that smaller channel in Green.
OANDA:XAUUSD
by TH_Analysis
1
Technical analysis update: XAUUSD (25th August 2021)Gold took some step back after its breakout above 1800 USD. It currently trades around 1792 USD. We think upper bound of downward moving channel should be closely observed in the following days as it currently acts as immediate support for gold. Plunge below this level could lead to short term weakness. Although, we expect 1750 USD (previous support/resistance) to hold in case of further selling pressure. Stochastic is bullish. RSI continues to change back and forth from neutral to bullish on daily timeframe. MACD has bullish direction and we expect it to perform crossover above 0 points. We expect this to be very bullish for gold. In the big picture we remain bullish on gold with medium term price target of 1850 USD and long term price target of 1875 USD. Though, our price target for next 12 months is much higher at 2100 USD. Prior developements from 10th August 2021: Here we noted that price of gold was attractive for long entry. We also announced that we believe gold is near end of its struggle to move higher. 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
6
Gold: Weekly Forecast 22nd August 2021The gold fell just a little after a very bullish recovery from the week before amid a strengthening dollar. The gold has ranged throughout the week as it stayed resisted by the supply level at 1795. The dollar has strengthened through the week on a hawkish Fed to start tapering this year and most pairs against the dollar had turned bearish but gold was somewhat resilience continued to stay supported within a range. However, both highs and lows are notably becoming lower and we can expect the gold to start the week with a bearish tone at the beginning. This week, we will look for selling opportunities as it pulls back to the top of its current range but expecting a strong rebound at the demand level at 1750.
FX_IDC:XAUUSDShort
by AlgoVenture
2
Gold in coiling modeIt appears that in recent months, a rally in Gold snooked many, with false breakouts that were followed immediately with reversals. This happened thrice in July August period, which was abruptly ended with a steep drop of more than 1000. And yet it bounced off hard, over the last week. Relooking into the chart patterns, the cup (or handle rather) is redrawn and retimed. A new breakout level is also set in. This time, a better chance for Gold to recover is attributed to the bullish divergence seen in the RPM and MACD. The weekly candle is also supportive with a consolidating week after the previous which had a very long tail (of demand). The lines are drawn and will be watched. Uncanny, but this appears to align at a time when equities are long in the teeth of a rally. What relationship this might bring is still open for interpretation. But I would personally leave it open for now, and let the market decide... Gold appears to be bullish on breakout over the next couple of weeks.
COMEX:GC1!
by Auguraltrader
1
Technical analysis update: 19th August 2021Gold's price has retraced back to its 20-day Simple Moving Average. RSI is flat. Stochastic is bullish. MACD is still in a bearish zone. However, its direction is to the upside. We will observe MACD for next few days. We will be looking for crossover above 0 points. This would be bullish developement and could lead to price increase above 1800 USD. Gold has currently strong resistance in area between 1780 USD and 1795 USD. Price has been climbing steadily since 9th August 2021 when gold plunged to its medium term support around 1670 USD. Disclaimer: This analysis is not intended to encourage 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
8
Vox Royalty Q2 ResultsTORONTO, CANADA – August 16, 2021 – Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) (“Vox” or the “Company”) is pleased to announce its operating and financial results for the second quarter ended June 30, 2021. All amounts are in U.S. dollars unless otherwise indicated. Kyle Floyd, Chief Executive Officer stated: “The second quarter of 2021 saw record royalty revenues, record net incomes and unprecedented organic growth for Vox. Management’s confidence in the underlying performance of the Vox royalty portfolio was demonstrated in our doubling of 2021 annual revenue guidance to C$4M – C$5M. This quarter saw exceptional organic growth in our portfolio, further strengthened by first gold pour from our Segilola royalty asset on July 30. We are also excited to grow our strategic partnership with Electric Royalties Ltd. (TSXV: ELEC), following the completion of our initial graphite royalty transaction. Vox shareholders can look forward to a catalyst-rich second half of 2021, with construction activity at multiple royalty assets, the release of multiple engineering studies and over 80,000m partner-funded drilling expected." Second Quarter 2021 Highlights • Record revenue of $1,314,030 reported for the quarter, with inaugural revenues received from the Janet Ivy royalty; • Record net income of $2,057,694 for the quarter; • Increased production stage royalty asset count from one asset at May 2020 listing to five assets by end of the quarter; • Strong balance sheet position at period end, including cash on hand of $5,308,977, working capital of $8,684,985 and total assets of $30,161,290; • Executed binding documents for a strategic partnership with Electric Royalties Limited (TSX-V: ELEC) and divested two non-core graphite royalties; • Completed four royalty transactions to acquire an additional seven royalties, including the rancher royalty at Gold Standard Ventures (TSX-V: GSV) South Railroad project, reaching a total critical mass of over 50 royalties and streams; • Subsequent to June 30, 2021: o Announced record revenue in Q2 2021 and increased 2021 revenue guidance by +100% on July 27, 2021; o Increased producing royalty count to 5 assets following first gold pour at the Segilola Gold Mine, as reported by Thor Explorations Ltd on July 30, 2021; and o Commenced trading on OTCQX on August 10, 2021
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by TH_Analysis
Gold: Weekly Forecast 15th August 2021The gold plunged to a 14-month low at as the market opened last week. It quickly made a sharp rebound and continued to climb through the rest of the week, showing a build up in the buying momentum. As of current, the gold may face some resistance at the FR618 level, and slightly higher will be the breakout level at 1795. This week, we expect the market to shed off some gains at the beginning and continues to climb later. Overall, we will focus on buying and looking for entry from 1770 onwards to 1760.
FX_IDC:XAUUSDLong
by AlgoVenture
Gold Can Go Higher To Complete A PatternTraders, after massive sell off, Gold (XAUUSD) has been looking for a direction. It is highly likely that it will go back up to retest the previous M mid points and in the process it will close the gap left and complete a bearish W pattern. Once it has completed that pattern it will be a good candidate for short opportunities based on confirmations. Right now this is looking bullish to complete that W pattern. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
GLong
by vikinsa
17
XAGUSD Facing bearish pressure | 13 Aug 2021XAGUSD broke below descending channel support to the downside. With technical indicators still showing room for further bearish momentum, a further push down below our entry at 23.665 towards graphical swing low and 161.8% Fibonacci extension at our take profit at 22.259 could be possible. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FOREXCOM:XAGUSDShort
by FXCM
New Listing for VOX RoyaltyFirst a video youtu.be Vox Commences Trading on OTCQX TORONTO, Aug. 10, 2021 /CNW/ - Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ("Vox" or the "Company"), a high growth precious metals focused royalty company, is pleased to announce that its common shares are now trading on the OTCQX® Best Market under the ticker symbol "VOXCF". The OTCQX Best Market is the highest market tier of OTC Markets on which more than 10,000 U.S. and global securities trade. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. Vox's common shares will continue to trade on the TSX Venture Exchange under the symbol "VOX". The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade VOXCF. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. Vox is in the process of securing Depository Trust Company ("DTC") eligibility for its common shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com "We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for new U.S. investors to invest in Vox and for our existing U.S. investors to continue trading," confirmed Kyle Floyd, the CEO of Vox. "This is yet another demonstration of the Company's commitment to building long term shareholder value in the U.S., Canada and internationally. Moreover, I believe that once the Company is DTC eligible, this will further improve our overall liquidity and help to accelerate the expansion of our shareholder base in North America over time."
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by TH_Analysis