Market Analysis
XAUUSD weekly: gold retreats 103 pips to 4436.63, 2026-06-01
Gold opened the week at 4539.41 and closed at 4436.63, shedding 103 pips as risk appetite improved.
2 min leesSPX500 opened the week at 7592.5 and closed Friday at 7545.9, down 46.6 points or 0.61%. The index printed its weekly high at 7620.7 on Tuesday before reversing sharply. Wednesday's low of 7516.9 marked the weakest point of the week.
Tuesday's push to 7620.7 gave way to a sharp Wednesday reversal that took the index down 91.2 points. The selloff continued into Thursday morning before buyers stepped in near 7512.4.
Without major economic releases this week, price action reflected position adjustments and technical trading around the 7600 resistance zone.
No high-impact events are scheduled for the upcoming week. In the absence of data catalysts, watch how price reacts at key technical levels. If SPX500 reclaims 7600, the prior weekly high at 7620.7 comes back into focus. If selling resumes below 7520, the 7500 round number becomes the obvious support test.
LHFX client sentiment shows 56.7% of positions are long versus 43.3% short as of Friday morning. This modest bullish tilt suggests traders expect the dip to attract buyers, though the skew is not extreme enough to signal overwhelming conviction either way.
The weekly low at 7516.9 marks immediate support. A close below there opens the path to 7500. On the upside, 7600 remains the resistance that capped Tuesday's rally. Above that, 7620.7 is the next test.
Byline: LHFX Research
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RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.