Weekly Review: XAUUSD, #SP500, #BRENT | September 18, 2026
XAUUSD: SELL 4335.00, SL 4370.00, TP 4255.00
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The main driver of the week for gold is the Fed meeting against the backdrop of accelerating inflation and a new surge in oil prices. The market assesses a high probability of an interest rate hike, while higher yields on US Treasury bonds reduce the attractiveness of the asset, which does not generate interest income.
Geopolitical tensions maintain safe-haven demand for the metal and can restrain declines. However, as expectations for tighter Fed policy are strengthening faster than demand for safe-haven assets, the weekly fundamental scenario remains in favor of moderate pressure on XAUUSD.
Trading Idea: SELL 4335.00, SL 4370.00, TP 4255.00
#SP500: SELL 7660, SL 7715, TP 7530
For #SP500, the main event of the week will be the Fed decision: accelerating inflation and expensive oil have strengthened expectations of an interest rate hike. Higher borrowing costs and Treasury bond yields near multi-year highs increase the sensitivity of stocks to tight signals from the regulator.
A separate risk is associated with the technology sector: a new round of discussion about AI development rates has increased pressure on related companies in Asia. Strong earnings expectations limit the scale of the decline, but this week the fundamental background remains unfavorable for #SP500.
Trading Idea: SELL 7660, SL 7715, TP 7530
#BRENT: BUY 104.05, SL 101.55, TP 109.05
Brent retains support from supply risks following attacks on Saudi Arabia's oil infrastructure and shipping complications in the region. A temporary halt to a key east-west pipeline intensifies concerns about the availability of export routes given limited movement through the Strait of Hormuz.
Weakening global demand assessments remain a restraining factor, and strong oil growth last week already reduced some of the further potential. Nevertheless, the risk of new supply disruptions still maintains a fundamental advantage for the #BRENT growth scenario during the week.
Trading Idea: BUY 104.05, SL 101.55, TP 109.05
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