Weekly Overview: XAUUSD, #SP500, #BRENT | 10 July 2026
XAUUSD: BUY 4175.00, SL 4140.00, TP 4280.00
Gold begins the week near a two-week high after softer US employment data. The market has reduced expectations of a further Federal Reserve rate hike, which has weakened the US dollar and eased pressure from US Treasury yields.
The minutes of the Federal Reserve’s June meeting will test this view. Lower energy prices may ease inflation concerns and, in turn, preserve a favourable backdrop for the metal. If expectations of a policy pause remain unchanged, XAUUSD is likely to retain support.
Trading idea: BUY 4175.00, SL 4140.00, TP 4280.00
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