XAUUSD Asia briefing — 2026-05-06

BIAS BEARISH — D1 structure dominates; H4 EMA bearish confirms downside despite neutral RSI and H1. KEY LEVELS R: 4600, 4650, 4887.93 | S: 4550, 4503.72, 4500 NEWS 🔴 ADP Employment Change — Wed 12:15 UTC 🟡 Fed's Musallem Speech — Wed 13:30 UTC 🔴 MBA Mortgage Applications — Wed 11:00 UTC SESSION OUTLOOK ADP and Fed commentary risk volatility. Watch 4600 resistance; breaks below 4550 confirm bearish continuation into London. PRO UNLOCKS Entry 4575 / SL 4595 / TP1 4540 / TP2 4503.72 / FVG 4565–4555 / Liquidity sweep 4650 — unlock Pro.

Key Levels

R: 4600.00 · 4650.00 · 4887.93

S: 4550.00 · 4503.72 · 4500.00