XAUUSD Asia briefing — 2026-05-07

BIAS BULLISH. H1 EMA bullish diverges D1 neutral; RSI 68.61 shows strength with room to extend. KEY LEVELS R: 4700, 4750, 4837.40 | S: 4650, 4600, 4503.72 NEWS 🟡 Challenger Job Cuts (USD) Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK Watch 4700 resistance as pivot. USD volatility from labor data may trigger stops; bias favors upside if claims disappoint. PRO UNLOCKS Entry 4695 | SL 4680 | TP1 4725 | TP2 4750 | FVG 4705–4715 | Sweep 4

Key Levels

R: 4700.00 · 4750.00 · 4837.40

S: 4650.00 · 4600.00 · 4503.72