Weekly Review: XAUUSD, #SP500, #BRENT | September 4, 2026
XAUUSD: SELL 4455.00, SL 4505.00, TP 4335.00
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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
#SP500: SELL 7697, SL 7757, TP 7547
The US stock market enters the week under pressure from rising yields and increased probability of a Fed rate hike. Expensive oil intensifies inflation concerns, while higher borrowing costs may reduce the attractiveness of highly valued stocks, particularly in the technology sector.
Focus will be on employment data and new corporate earnings. A strong labor market can strengthen expectations of policy tightening, while weak figures would ease pressure on the index. Until confirmation of a shift in expectations is received, the combination of high rates and geopolitical uncertainty keeps the priority on a #SP500 decline.
Trade Idea: SELL 7697, SL 7757, TP 7547
#BRENT: BUY 89.80, SL 87.80, TP 94.60
Brent receives support due to renewed tensions around the Strait of Hormuz, through which a significant portion of global oil trade passes. Military actions near this key route increase the risk of supply disruptions and bring geopolitical premiums back into quotes, despite dollar strength.
Increased production and partial restoration of sea shipments may limit price rises. The market will also continue to assess inventory levels and demand prospects against the backdrop of tight Fed policy. However, as long as negotiations to stabilize the situation yield no results, the risk of supply disruption remains the main factor and supports the buying scenario for #BRENT.
Trade Idea: BUY 89.80, SL 87.80, TP 94.60
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