XAUUSD Asia briefing — 2026-07-08

BIAS BEARISH. RSI overbought at 64.81 signals pullback risk; H1/H4 EMAs divergent and neutral confirms no fresh upside confirmation despite price near 4106. KEY LEVELS R: 4150, 4200, 4383.62 | S: 4100, 4050, 3949.45 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 Wholesale Inventories (Wed 14:00 UTC) 🟡 EIA Crude Oil Stocks (Wed 14:30 UTC) SESSION OUTLOOK Asia sees low-impact US data mid-session. Watch 4100 hold for continuation; break below invites test of 4050. PRO UNLOCKS [Entry zone 4115–4125, SL 4155, TP1 4080, TP2 3965, FVG

Key Levels

R: 4150.00 · 4200.00 · 4383.62

S: 4100.00 · 4050.00 · 3949.45