Weekly Review: XAUUSD, #SP500, #BRENT | August 28, 2026
XAUUSD: BUY 4620.00, SL 4580.00, TP 4720.00
Gold starts the week with sustained demand amid a weaker US dollar and renewed concerns about the stability of the US debt market. The US Treasury’s decision to increase buybacks of long-term bonds after the 30-year yield climbed toward multi-year highs has strengthened demand for defensive assets.
XAUUSD has already posted a notable advance, so further upside will depend on continued pressure on the dollar ahead of Federal Reserve Chair Kevin Warsh’s speech and upcoming inflation data. Elevated yields limit gold’s potential, but as long as fiscal concerns persist, the base-case scenario remains supportive of further gains.
Trading idea: BUY 4620.00, SL 4580.00, TP 4720.00
