Weekly Review: XAUUSD, #SP500, #BRENT | September 11, 2026
7 September 2026, 12:56
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XAUUSD: SELL 4415.00, SL 4455.00, TP 4315.00
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Gold starts the week under pressure after strong US employment data increased the likelihood of Fed policy tightening. Rising US bond yields reduce the attractiveness of the metal, which does not generate interest income.Geopolitical tensions support safe-haven demand and may limit XAUUSD declines. However, US inflation data will be decisive: as long as the market allows for a Fed rate hike, the monetary factor retains its advantage and supports the selling scenario.
Trading idea: SELL 4415.00, SL 4455.00, TP 4315.00
#SP500: SELL 7719, SL 7779, TP 7569
The US stock market enters the week amid rising yields and increasing expectations for a Fed rate hike. Expensive oil intensifies inflation risks, so high borrowing costs may continue to weigh on stocks and company valuations for longer.A strong labor market supports economic prospects but simultaneously reduces room for regulator easing. If inflation data strengthen the probability of a rate hike, the index's sensitivity to yields will increase, maintaining the base case of a #SP500 decline.
Trading idea: SELL 7719, SL 7779, TP 7569
#BRENT: BUY 96.80, SL 93.80, TP 104.30
Brent maintains support following new escalation between the US and Iran, affecting tankers and warships. Reduced movement through the Strait of Hormuz raises the risk of disruptions on the route through which a significant portion of global oil trade passes.Gains over the previous week require caution, but the new escalation indicates that the risk premium remains. OPEC+'s decision not to change October policy does not offset the threat of restricted Middle Eastern supplies, so the buying idea for #BRENT remains the base case.
Trading idea: BUY 96.80, SL 93.80, TP 104.30
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