Market Fundamental Analysis by RoboForex

[RBFX Support]

Tech rally drives Wall Street higher: US 30 at the trendline

The US 30 index is hovering around 51,512.20 after US indices rose in the previous session. A pause in rising yields and strong performance in the technology sector are supporting the market; however, the index has approached a key descending resistance trendline. 

US 30 forecast: key takeaways

• The S&P 500 and Nasdaq reached new record highs in the previous session, while the Dow gained 0.49% amid strong demand for technology stocks
• A pause in the rise in Treasury yields eased pressure on the market, but investors are still awaiting the minutes of the latest Federal Reserve meeting
• US 30 forecast for 7 October 2026: 52,073.50

Fundamental analysis

US stock index futures are little changed on Wednesday after a strong previous session. On Tuesday, the S&P 500 rose 0.58%, the Nasdaq Composite gained 0.45%, with both indices closing at record highs. The Dow Jones added 0.49%.

The technology sector was once again the main driver of the rally. Among semiconductor companies, AMD rose 2.8%, Marvell Technology gained 5.8%, and Broadcom advanced 3.7%.

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 20 hours ago by RBFX Support

[RBFX Support]

XAUUSD edges lower despite demand from global central banks

XAUUSD quotes could hit a new all-time low set this summer, currently trading at 4,126 USD. 

XAUUSD forecast: key takeaways

• Demand for gold from central banks worldwide remains strong
• US government bond yields continue to rise
• XAUUSD forecast for 8 October 2026: 3,995

Fundamental analysis

The main negative factor for gold at present is the sharp rise in US government bond yields. Long-term US Treasury yields have climbed to their highest levels in roughly two decades.

Central banks worldwide continued to increase their gold reserves in August, with net purchases totalling 39 tonnes. 

RoboForex Market Analysis & Forex Forecasts

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

Edited 15 minutes ago by RBFX Support