XAUUSD Technical Analysis: Two-Week High, Support at $4100, and Golden Cross Point to a $4265 Target

XAUUSD reached a two-week high

On Wednesday, XAUUSD increased by more than 1%. It broke above the US$4160 mark for some time, reaching the highest level since 7^th July.

The USDX was prone to fluctuation and fell

On Wednesday, the USDX was prone to fluctuation around the 101 mark. It ended down 0.08% at 101.11.

Gold ETF holdings increased

As of 22^nd July 2026, gold ETF holdings reached 1007.87 tons, an increase of 2.00 tons from the previous trading day, according to the data from the world’s largest Gold ETF——SPDR Gold Trust.

The bullish market trend prevailed in the short term

the Chart of the Day

On the chart of the day, XAUUSD rose steadily. The bullish market trend prevailed in the short term. 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 4202. It will climb with potential resistance at 4265 if it breaks above 4202.

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 market trend is bullish. Investors should focus on whether XAUUSD will break through the support at 4100. It will rise further if it retreats but is stable above 4100.

Key resistance: 4202,4265

Key support: 4100,4040

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