Technical Analysis: XAUUSD

XAUUSD reached a record high again

On Monday, XAUUSD increased significantly and broke above the US$3740 mark to a record high. It ended up 1.72% at US$3748.10 per ounce.

The USDX fell after rising for three consecutive days

On Monday, the USDX fell after rising for the third straight trading day. It ended down 0.38% at 97.30.

Gold ETF holdings increased

As of the 22^nd September 2025, gold holdings reached 1000.57 tons, an increase of 6.01 tons from the prior day, according to the data from the world’s largest Gold ETF——SPDR Gold Trust.

The market trend is bullish

the Chart of the Day

On the chart of the day, XAUUSD continued rising. The bullish market trend prevailed. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that XAUUSD will rise further. Investors should focus on whether XAUUSD will break through the resistance at 3800. It will jump with potential resistance at 3850 if it breaks above 3800.

4-hour chart

On the 4-hour chart, XAUUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, RSI went upwards after golden cross occurred, showing that the bullish market trend prevailed. Investors should focus on whether XAUUSD will break through the support at 3728. It will rise further if it retreats but is stable above 3728.

Key resistance: 3800,3850

Key support: 3728,3700

Generally speaking, the bullish market trend prevailed. Investors should focus on US economic data during the day.