Weekly Review: XAUUSD, #SP500, #BRENT | September 18, 2026
XAUUSD: SELL 4335.00, SL 4370.00, TP 4255.00
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The main driver of the week for gold is the Fed meeting against the backdrop of accelerating inflation and a new surge in oil prices. The market assesses a high probability of an interest rate hike, while higher yields on US Treasury bonds reduce the attractiveness of the asset, which does not generate interest income.
Geopolitical tensions maintain safe-haven demand for the metal and can restrain declines. However, as expectations for tighter Fed policy are strengthening faster than demand for safe-haven assets, the weekly fundamental scenario remains in favor of moderate pressure on XAUUSD.
Trading Idea: SELL 4335.00, SL 4370.00, TP 4255.00
