Technical Analysis: XAUUSD

XAUUSD surged by more than 3%

On Tuesday, XAUUSD climbed for the third straight trading day and reached the highest level since 20^th March. It ended up 3.46% at US$4667.38 per ounce.

The USDX fell from a high level

On Tuesday, as Trump signaled ceasefire again, the USDX fell from a high level. It ended down 0.6% at a one-week low of 99.88.

Gold ETF holdings increased

As of 31^st March 2026, gold ETF holdings increased by 1.15 tons to 1047.28 tons, 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 jump further. Investors should focus on whether XAUUSD will break through the resistance at 4735. It will rise with potential resistance at 4850 if it breaks above 4735.

4-hour chart

On the 4-hour chart, XAUUSD was prone to fluctuation and rose. 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 4620. It will climb if it retreats but is stable above 4620.

Key resistance: 4735,4850

Key support: 4620,4480

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