XAUUSD Asia briefing — 2026-05-03

**XAUUSD — ASIA SESSION BRIEFING | May 3, 2026** Bearish bias persists with H4 in downtrend while H1 remains neutral—watch for trend alignment below 4600 support. RSI at 52.19 offers no directional conviction; price lacks momentum for decisive moves. Key level: 4650 resistance caps near-term upside; break below 4600 targets 4550. Monitor Factory Orders (USD) Monday 14:00 UTC—dollar strength could accelerate gold decline.

Key Levels

R: 4650.00 · 4700.00 · 4887.93

S: 4600.00 · 4550.00 · 4539.67