📊 XAUUSD — WEEKLY ANALYSIS | 28 SEP–2 OCT 2026
🔹 TECHNICAL
Major Resistance: 4,320 → 4,385–4,405 → 4,450
Major Support: 4,245 → 4,200 → 4,150
Structure: Consolidation with downside pressure below 4,320
Bullish confirmation: Weekly recovery above 4,320 → 4,385–4,405 zone
Bearish confirmation: Break below 4,245 → 4,200 → 4,150
Gold recently tested around 4,244 and remains below the 4,300–4,320 area.
🔹 FUNDAMENTAL
Fed: Recent 25-bps hike lifted the federal funds target to 3.75%–4.00%, while the Fed's projections continue to point to a restrictive policy stance.
USD & Yields : A firm dollar and elevated Treasury yields remain important headwinds for Gold.
Key data this week : U.S. PCE inflation, ISM Manufacturing PMI and Nonfarm Payrolls could create significant volatility.
Geopolitics : Ongoing Middle East developments can create safe-haven demand, while oil-driven inflation expectations can simultaneously support higher-rate expectations.
farah khan