Technical Analysis: XAUUSD

XAUUSD plummeted by about 3%

On Monday, XAUUSD plummeted by about 3% and broke below the US$4000 mark, hitting the lowest level since 1^st July.

The USDX was boosted

On Monday, as the tension in the Middle East escalated, the USDX was boosted. It ended up 0.31% at 101.28.

Gold ETF holdings stayed the same

As of 13^th July 2026, gold ETF holdings stayed the same at 1002.449 tons, according to the data from the world’s largest gold ETF——SPDR Gold Trust.

The bearish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, XAUUSD was prone to fluctuation and fell. The bearish market trend prevailed. In terms of technical indicators, KDJ went downwards after death cross occurred, showing that XAUUSD will fall further. Investors should focus on whether XAUUSD will break through the support at 3942. It will fall further with potential support at 3890 if it breaks below 3942.

4-hour chart

On the 4-hour chart, XAUUSD was prone to fluctuation and fell. The bearish market trend prevailed. In terms of technical indicators, MACD went downwards after death cross occurred, showing that the market trend is bearish. Investors should focus on whether XAUUSD will break through the resistance at 4050. It will decline if it rebounds but is capped at 4050.

Key resistance: 4050,4080

Key support: 3942,3890

Generally speaking, the bearish market trend prevailed in the short term. Investors could sell as XAUUSD rebounds during the day.