Can AU Hold Above $115 After a 5.7% Surge？
$Anglogold Ashanti(AU)$
AngloGold Ashanti Ltd (AU) Soared +5.74%: Hits Fresh 52-Week High at $115.81, Bullish Momentum Intact
Latest Close Data:
Closed at $115.72 (USD) on 2026-01-28, up +5.74% ($6.28). This marks a new 52-week high, trading at the peak of its annual range.
Core Market Drivers:
Strong momentum is driven by robust gold prices and positive sector sentiment. Recent capital flow data shows significant net buying pressure over the past day, with small and medium-sized orders leading the inflow.
Technical Analysis:
Volume was 3.04M shares (Volume Ratio 0.78), indicating solid participation. MACD (6.45, 5.11, 2.69) shows a strong bullish expansion. RSI(6) at 84.71 is in overbought territory, signaling strong upward momentum but also potential for a short-term pullback.
Key Price Levels:
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Primary Support: $109.76 (today's low).
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Strong Resistance: The new high at $115.81 is the immediate ceiling.
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Immediate Pivot: $115.72 (today's close). Holding above $115 is key for continuation.
Valuation Perspective:
Forward P/E is 12.36, which is above its historical average of 11.56 but within one standard deviation. The TTM P/E of 25.56 reflects high growth expectations. P/S of 6.81 and P/B of 7.60 indicate a premium valuation.
Analyst Targets:
6 analysts have an average price target of $98.5 (range $75.0 - $131.0). Sentiment is bullish with 1 Strong Buy, 5 Buy, 1 Hold, and 1 Underperform recommendations.
Weekly Outlook:
Expect consolidation near the new highs after such a strong move. A sustained break above $116 could target the $120-$125 zone. A break below the $109.5 support could lead to a test of the $105 area. Monitor RSI for any divergence.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves risk, including the potential loss of principal. Past performance is not indicative of future results. Conduct your own research before making any investment decisions.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
