TSX:XAU - Toronto Stock Exchange - VGG4001R1047 - Common Stock - Currency: CAD
Taking everything into account, XAU scores 1 out of 10 in our technical rating. XAU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, XAU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.92, a Stop Loss order could be placed below this zone.
7.41
When analyzing the support we can see 2 important areas.
We can see 3 important resistance areas.
TSX:XAU (4/30/2025, 7:00:00 PM)
7.98
+0.04 (+0.5%)