Weekly Review: XAUUSD, #SP500, #BRENT | October 2, 2026
XAUUSD: SELL 4215.00, SL 4250.00, TP 4130.00
Gold starts the week under pressure from high US Treasury yields and expectations of further Fed policy tightening. Following the September rate hike, the market is particularly sensitive to PCE inflation and employment data: strong figures can support the dollar and limit the metal's attractiveness.
Geopolitical tensions maintain safe-haven demand and may cap declines, but currently yield to monetary factors. With high yields and hawkish Fed expectations persisting, the baseline weekly scenario remains tilted towards moderate downward pressure on XAUUSD.
Trade Idea: SELL 4215.00, SL 4250.00, TP 4130.00
