Canadian Listed Gold Miner Setups

Canadian Listed Gold Miner Setups

Agnico-Eagle has spent the last 7 months consolidating within a massive ascending triangle continuation pattern. A breakout above the horizontal resistance line at $67.41 would be extremely bullish.

  • Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout.
Agnico-Eagle Mines Ltd. (TSX:AEM)

Alamos Gold appears to have just completed a double bottom reversal pattern. The price action has traded back above short resistance at $8.94 (what was resistance should now become support). My trend following system has just performed a bullish double moving average cross which suggest this is the bottom.

  • Risk: My stop is just below $8.83.
  • Reward: My short-term target is resistance $10.
Alamos Gold Inc. (TSX:AGI)

After surging off the April 10th low on massive volume, ATAC Resources has since spent the last 2 months consolidating within a bullish flag pattern. An upside break of the flag pattern would suggest a measured move to near last summers highs.

  • Flagpole: The distance from the breakout at $0.41 to the flag’s high at $0.66 formed the flagpole
  • Flag: Price action was contained within two parallel trend lines (50-day moving average & resistance shown on the chart).
  • Targets: The length of the flagpole measured $0.25 and is applied to the resistance breakout at $0.63 to project a target of $0.88.
ATAC Resources Ltd. (TSXV:ATC)

Alio Gold has spent the last month building up energy as it has acted like a pinball consolidating in a range between $5.96 – $6.66. This price action suggest that an upside break above $6.66 would be very bullish and could have some power behind it.

Alio Gold Inc. (TSX:ALO)

B2Gold has spent the last month consolidating to an apex of a bottoming triangle. Watch for an upside breakout to confirm this bullish pattern. Next resistance is found at $3.75.

B2Gold Corp. (TSX:BTO)

On May 8th Gold Standard Ventures broken out from a bullish continuation wedge pattern (where price action made an upside break above the blue moving average on the chart). Since, the price action has spent the last month consolidation between $2.03 – $2.40. My trend following system has just performed a bullish double moving average cross which suggest the bottom is now in place. Next resistance is found at $3.05.

Gold Standard Ventures Corp (TSXV:GSV)

After surging off the April 27th low, Kinross Gold has since spent the last month consolidating within a bullish flag pattern. An upside break of the flag pattern would be extremely bullish and would suggest a measured move.

  • Flagpole: The distance from the breakout at $4.56 to the flag’s high at $5.95 formed the flagpole
  • Flag: Price action was contained within two parallel trend lines ($5.95 resistance and the blue moving average shown on the chart).
  • Targets: The length of the flagpole measured $1.39 and is applied to the resistance breakout at $5.95 to project a target of $7.34.
Kinross Gold Corp. (TSX:K)

After bottoming in late December, OceanaGold as spent the last 5 months consolidating within a massive ascending triangle continuation pattern. On Friday, the price action appears to have broken out above the horizontal resistance line at $4.60.

  • Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout.
OceanaGold Corp. (TSX:OGC)

On Friday, NewCastle Gold broken out from a Symmetrical Continuation Triangle. The breakout can be seen on the chart as the price action made an upside thrust above the blue moving average. This suggest a continuation of the prior uptrend. A move above $0.95 would be very bullish.

NewCastle Gold Ltd. (TSX:NCA)

Semafo appears to have completed a double bottom reversal pattern after bouncing off major support at $2.68 and printing a high low at $2.73. To confirm this reversal pattern, Friday’s price action made a powerful upside thrust (breaking out from a wedge type pattern and above the moving averages as shown on the chart below) on larger than normal volume. Next resistance is found at $4.06.

Semafo, Inc. (TSX:SMF)

Sandstorm Gold has completed a double bottom reversal pattern after bouncing off major support at $4.37 & $4.39. To confirm this pattern, the price action has also just broken out from a bullish continuation wedge (where price action made an upside break above the moving averages on the chart). This suggest the bottom is now firmly in place. Next resistance can be found at $5.91.

Sandstorm Gold Ltd. (TSX:SSL)

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