Weekly overview: XAUUSD | 26 June 2026
XAUUSD: SELL 4195.00, SL 4225.00, TP 4105.00
Gold starts the week near $4,195 per ounce after recovering from recent lows. The main constraint remains expectations of higher US interest rates: following the Federal Reserve’s decision, the US dollar strengthened and short-term US Treasury yields rose. This reduces the appeal of a non-yielding asset.
Progress in US-Iran negotiations has reduced demand for defensive assets, although the fragility of the agreements may limit further downside. US core inflation data could reinforce expectations of a restrictive policy stance. If this backdrop remains in place, the priority remains a decline in XAUUSD.
Trading idea: SELL 4195.00, SL 4225.00, TP 4105.00
