TRX is dropping hardly on 4h chart. I'm expecting more downside before a potential bounce.
TRX Gold Corp ( AMEX:TRX ) has recently unveiled its first-quarter results for 2024, today painting a picture of triumph in the competitive world of gold mining. The company's robust performance in terms of operating cash flow, gross profit margins, and expansion plans for the year has positioned it as a shining star in the industry. Impressive Financial...
TRX Gold Corporation has long been suppressed along with other junior miners. As anyone who has invested in junior miners over the years knows, the bear markets in junior mining stocks are often brutal, with 80-90% drawdowns. When the bear market ends, however, the asset price has been so suppressed that it can easily spike 1000% or more, as the valuations...
Looks like a bear flag is forming after having made a double top at the 1.34 Could with the bear flag target be making a possible double bottom around 1.00 Spekulative: I see as a possible wave 1 up with a very short and truncated 5th wave ending at 1.34. Second waves normally make a deep retrace so a wave 2 making dbl bottom....maybe but within reach! TRX's...
TA isn’t specifically bullish. I back the fundamentals of TRX and believe it’s undervalued over many other tokens.
This is my first idea on trading view. TRX is on an ascending path. Is this uptrend of the ascending triangle will be continued in the coming days? What's your worthy opinion on it?
TRX as well as Gold could have finished it's a-b-c korrection on the daily/weekly chart and we are perhaps to see more downside move. On the 15 min chart - gold has a shs at neckline. TRX is at channel line support.... so both has to rally north from here. In other words...we will have the answer tomorrow where gold miners (GDX) and gold are heading. For the TRX...
TRX Gold Achieves Sulphide Gold Recovery of 88.7% from Its Existing Processing Plant Jun 15, 2023
TRX is beginning to show signs of bottoming making a bowtie on the 120 min chart. On the daily chart it's challenging the Elliott wave ma13 and stopped yesterdays move at the EMA13. Fisher and Trix system (developed by nmike and JR on this site) looks promising Notice that the Elliott Wave EMA34 there is a gap... could come in play on further advance I'm neutral...
Looks like a Bullish Gartley Pattern is currently forming on the daily time frame of TRX. My Fibonacci Ratio analysis: The AB leg retraced nicely to the Fibonacci 61.8% retracement level of the XA leg. The BC leg also retraced up to the Fibonacci 61.8% retracement level of the AB leg. The Fibonacci 127.2% retracement of the BC leg falls right on top of the...
TRX still showing the right bullish move. Now heading for a 3 wave up.
Big drop due Thursday morning with potential bounce from the low. Previous :-