TRX Gold Corp | Q3 2026 - Day Chart

MARKET-BEATING SCORE = 7/10

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PEGY 1.00 — fairly valued.
EPS growth 46.0% — above-market.
Revenue growing 163.0% YoY — strong.
Gross margin 60.0% — strong moat.
FCF margin -2.7% — cash burn.
D/E 0.04 — conservative leverage.
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"Could a policy change or major competitor disrupt growth in the next 2 years?"

TRX Gold's growth is primarily exposed to regulatory shifts in Tanzania, where historical policy volatility regarding mineral royalties and state ownership remains a concern despite an improving investment climate. While gold is a global commodity making traditional market-share competition less relevant, the company faces risks from supply chain bottlenecks and rising costs for energy and mining inputs. Overall, disruption is more likely to stem from geopolitical or fiscal policy changes than from technological advancements or new competitors within the next two years.

Risk Level:
Moderate
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Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe.

Yearly timeframe = black
Monthly timeframe = pink
weekly = grey
daily = red
4hr = orange
1hr = yellow
15min = blue
5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.)


** Candle Science explained **
A Range = two or more consecutive color candles.
There are two types of ranges - accumulation and distribution. **A single candle is a range on a lower timeframe. *Find the range and define its, creation dates, prices, and risk parameters. A range is broken down into 4 candle, which create 6 levels that define the range and illustrate market structure.
Focus only on the first and last candle of each range. The last candle of each type of range has two levels - see FS & Inv. FS Candles below.

DISTRIBUTION RANGES DEFINED:
When price is above a distribution range, these candles/levels act as support.

(BS) BACKSIDE Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level. high angle accumulation trends, f.v,g's

(FS) FrontSide Candle - Last distribution candle in a distribution range. Expectation = reversal, create a low angle accumulation trend. The top of Distribution candles are used as support. The bottom of the FrontSide candle is the SwingLow of the range. The FS candle wants to protect the SwingLow. When/if Price Action closes below the SwingLow, the level is invalidated. Find another range to trade.

ACCUMULATION RANGES DEFINED: When price is below an accumulation range, these candles/levels act as resistance.

INVERSE BACKSIDE (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level. Creates high angle distribution trends, f.v.g, protects the Inv.FS candle

INVERSE FRONTSIDE (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a low angle distribution trend. The bottom of Accumulation candles are used as resistance.
The top of the Inv.FrontSide candle is the SwingHigh of the range. The Inv.FS candle wants to protect the SwingHigh. When/if Price Action closes above the SwingHigh, the level is invalidated. Find another range to trade.