Weekly Review: XAUUSD, #SP500, #BRENT | August 28, 2026

F
FreshForexTeam

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

#SP500: SELL 7690, SL 7750, TP 7570​


#SP500 enters the week after declining over the previous five sessions, with high borrowing costs remaining the main constraint. Long-term US Treasury yields are holding near multi-year highs, raising the hurdle for equity valuations and creating particular pressure on the technology sector.

The market is also awaiting Nvidia’s earnings report and Federal Reserve Chair Kevin Warsh’s speech in Jackson Hole. Strong corporate results could support equities, but the combination of expensive financing, inflation risks, and uncertainty over interest rates leaves the weekly outlook vulnerable. The base-case scenario remains tilted toward further downside.

Trading idea: SELL 7690, SL 7750, TP 7570

#BRENT: BUY 93.20, SL 90.70, TP 98.20​


Brent starts the week after a strong advance, while the geopolitical risk premium remains elevated. The United States is preparing new sanctions against Iran and its trading partners, while vessel traffic through the Strait of Hormuz remains below pre-war levels. This keeps supply disruption risks in focus and supports oil prices.

Offsetting factors include higher US commercial crude inventories and the OPEC+ decision to raise September production quotas by 188,000 barrels per day. However, the IEA estimates that the market will remain in deficit during the third quarter. If supply constraints persist, the base-case weekly scenario allows for a recovery in #BRENT.

Trading idea: BUY 93.20, SL 90.70, TP 98.20

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