Technical Analysis: XAUUSD

XAUUSD back above the $5200

On Monday, boosted by increased safe-haven demand, XAUUSD rose above the $5200, marking its fourth consecutive day of gains.

Risk aversion climbed

Recent uncertainty surrounding US President Trump's tariff policies and the turbulent situation in the Middle East have fueled safe-haven demand in the market.

Gold ETF Holdings Increased

As of February 23, 2026, the world's largest gold ETF, SPDR Gold Trust, held 1086.47 tons, an increase of 7.72 tons from the previous trading day.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, XAUUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, KDJ went upwards after golden cross occurred, showing that XAUUSD will rise further. Investors should focus on whether XAUUSD will break through the resistance at 5300. It will jump with potential resistance at 5450 if it breaks above 5300.

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, MACD 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 5120. It will rise if it retreats but is stable above 5120.

Key resistance:5300,5450

Key support:5120,5050

Generally speaking, the bullish market trend prevailed in the short term. Investors should buy as XAUUSD retreats during the day.