The post Royal Gold (RGLD) bullish nest for a break above $200.00 appeared on BitcoinEthereumNews.com.

Royal Gold (NASDAQ: RGLD), founded in 1991, is a global leader in precious metals royalty and streaming. With interests in 194 properties across 20+ countries, it manages gold, silver, copper, lead, and zinc assets. This article evaluates its bullish Elliott Wave framework and highlights potential paths for further growth. Following 5 years of consolidation in a sideways range, RGLD has decisively surged to new all-time highs within a robust impulsive wave (III) structure. The weekly chart reveals a nesting formation to the upside, therefore, it’s suggesting a third wave extension is likely to unfold, reinforcing the stock’s bullish trajectory. The chart below illustrates the Nest formation, showcasing the I-II series leading up to the wave III extension. Certainly, identifying and capitalizing on a breakout within a nest is among the most rewarding opportunities for Elliott Wave traders. Third Wave extension RGLD weekly chart RGLD is expected to continue its rally through a series of 4th and 5th waves, completing its entire cycle from 2020 within a 5-wave advance above $200. Once this cycle concludes, a larger degree correction is anticipated. In the meantime, we expect the daily pullback to remain supported. After that, buyers are likely to seek long entries, positioning themselves against the December 2024 low of $130.6. This level serves as a critical support point in the ongoing bullish progression. Source: https://www.fxstreet.com/news/royal-gold-rgld-bullish-nest-for-a-break-above-20000-202504251343

---

Filed under: News - @ April 25, 2025 3:25 pm