XAUUSD Asia briefing — 2026-05-08

BIAS BULLISH. H1 EMA bullish combined with neutral D1 structure supports upside potential; RSI 59.85 provides room to run without overbought constraints. KEY LEVELS R: 4700, 4750, 4837.40 | S: 4650, 4600, 4503.72 NEWS 🔴 Average Hourly Earnings MoM/YoY (USD) Fri 12:30 UTC 🟡 Fed Cook speech (USD) Fri 09:45 UTC SESSION OUTLOOK Asia session faces USD strength risk from morning Fed commentary and upcoming wage data. Watch 4700 resistance; breach opens 4750. PRO UNLOCKS Exact entries, stops, targets, FVG zones, liquidity sweeps, Fibonacci extensions — unlock with Pro membership.

Key Levels

R: 4700.00 · 4750.00 · 4837.40

S: 4650.00 · 4600.00 · 4503.72