With gold breaking to new all-time highs and capital rotating into high-quality royalty names, Franco-Nevada looks poised to lead the charge in the next leg of the bull market.
After spending nearly 3 years in a wide consolidation ($106–160), FNV has now posted a clean monthly close above $160 — the key resistance level that capped every rally since 2020. This is not just any breakout — it's the classic "base + breakout" structure that often precedes major upside moves.
🔍 Technical Highlights:
✅ Multi-year base breakout confirmed on monthly close
✅ Strong confluence of Ichimoku, MAs & low-volume node just above $160
✅ $160 flips from resistance to structural support (role reversal)
🎯 Measured Move Target: $230
📍 Initial Target Zone: $208–215
📈 Retest of $160 offers a ~30% upside with tight risk
🛑 Risk Management: A pullback that holds $160 on weekly/monthly close would validate the breakout.
Breakdown below $160 on volume would put the move on hold and reintroduce range risk.
💡 Bottom Line: This is a textbook breakout with asymmetric risk/reward. While gold gets the headlines, Franco-Nevada may quietly be leading the charge in royalty sector performance.
After spending nearly 3 years in a wide consolidation ($106–160), FNV has now posted a clean monthly close above $160 — the key resistance level that capped every rally since 2020. This is not just any breakout — it's the classic "base + breakout" structure that often precedes major upside moves.
🔍 Technical Highlights:
✅ Multi-year base breakout confirmed on monthly close
✅ Strong confluence of Ichimoku, MAs & low-volume node just above $160
✅ $160 flips from resistance to structural support (role reversal)
🎯 Measured Move Target: $230
📍 Initial Target Zone: $208–215
📈 Retest of $160 offers a ~30% upside with tight risk
🛑 Risk Management: A pullback that holds $160 on weekly/monthly close would validate the breakout.
Breakdown below $160 on volume would put the move on hold and reintroduce range risk.
💡 Bottom Line: This is a textbook breakout with asymmetric risk/reward. While gold gets the headlines, Franco-Nevada may quietly be leading the charge in royalty sector performance.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.