XAUUSD Asia briefing — 2026-05-19

BIAS BEARISH. H4 confirms downtrend; D1 neutral supports lower timeframe direction hierarchy. KEY LEVELS R: 4600, 4650, 4773.50 | S: 4550, 4500, 4476.90 NEWS 🟡 Waller speech (USD) 06:00 UTC | 🟡 ADP Employment 12:15 UTC | 🟡 Redbook Index 12:55 UTC SESSION OUTLOOK Fed rhetoric may strengthen USD, pressuring gold lower. Watch 4600 resistance rejection for continuation toward 4550 support. PRO UNLOCKS Entry 4575, SL 4610, TP1 4550, TP2 4476.90 | FVG 4590-4595 | Liquidity sweep 4650 | Fib 38.2% retracement 4560

Key Levels

R: 4600.00 · 4650.00 · 4773.50

S: 4550.00 · 4500.00 · 4476.90