Market Analysis
AUDUSD midweek: Aussie reclaims 0.6987 after Monday dip, 2026-07-13
AUDUSD trades at 0.69875 midweek, up roughly 46 pips from Monday's open, with a thin back-half calendar and the daily PBOC fix in focus.
2 min readGold opened Monday at 4566.77 and closed Friday at 4539.60, down 27.17 points or 0.6% across the week. The metal saw sharp intraday swings, particularly Wednesday's plunge to 4366.49 before recovering.
The week starting June 1 shows no scheduled high-impact events for gold traders. This leaves technical levels and broader risk sentiment as the primary drivers for price action.
With no central bank meetings or major data releases on tap, you'll want to watch how gold behaves around the key levels established during last week's volatile trading. Any shifts in equity markets or dollar strength could fill the news vacuum.
If gold holds above the 4500 psychological level early in the week, the Friday high at 4595.11 becomes the obvious resistance. A clean break above that level puts last Monday's 4580.03 peak back in focus. If sellers emerge near 4500 and push through, the 4446.98 Wednesday low offers the next major support, with last week's 4366.49 spike low as the line in the sand.
Current positioning shows 55.3% of traders long and 44.7% short as of June 1. This modest long skew suggests mild optimism but nothing extreme. The relatively balanced book means neither side is heavily offsides if price starts moving decisively.
Three reference levels stand out as the week begins. The 4500 round number sits just below Friday's close and acted as a pivot multiple times last week. Above, the 4595.11 Friday high marks recent resistance. Below, the 4366.49 Wednesday spike low represents the week's extreme. These are reference points for context, not entry signals. Open an LHFX account to trade XAUUSD this week.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
