Weekly Review: XAUUSD, #SP500, #BRENT | 4 September 2026
XAUUSD: SELL 4455.00, SL 4505.00, TP 4335.00
Gold begins the week after a sharp decline triggered by reassessment of Fed policy prospects. The probability of a September rate hike has increased, US bond yields have risen, and dollar strength reduces the attractiveness of the metal, which does not generate interest income.
Geopolitical tensions support safe-haven demand and may limit the depth of the correction. However, a sustained recovery will require easing of Fed rate expectations or weaker US labor market data. Until this happens, monetary factors retain their advantage and support the scenario for further XAUUSD decline.
Trade Idea: SELL 4455.00, SL 4505.00, TP 4335.00
