Technical Analysis: XAUUSD

XAUUSD fell to a one-month low

On Wednesday, XAUUSD decreased by more than 3% and came close to the US$4800 mark, hitting the lowest level since 6^th February.

The USDX broke above the 100 mark again

On Wednesday, boosted hawkish statements by officials at the Fed, the USDX climbed, and broke above the 100 mark again. It ended up 0.73% at 100.28.

Gold ETF holdings decreased

‌

As of 18th March 2026, gold holdings reached 1066.993 tons, decreasing by 2.571 tons from the previous day, 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 declined. The bearish market trend prevailed. In terms of technical indicators, KDJ went downwards after death cross occurred, showing that XAUUSD will fall further. Investors could focus on whether XAUUSD will break through the support at 4760. It will dip with potential support at 4655 if it breaks below 4760.

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 could focus on whether XAUUSD will break through the resistance at 4900. It will decline if it rebounds but is capped at 4900.

Key resistance: 4900,4970

Key support: 4760,4655

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