XAUUSD Asia briefing — 2026-07-31

BIAS BEARISH. H4 neutral + H1 bullish divergence conflicts with D1 neutral and RSI overbought at 62.79, but price rejection near 4150 resistance favors downside continuation. KEY LEVELS R: 4150, 4165.68, 4200 | S: 4100, 4050, 3961.81 NEWS 🟡 Employment Cost Index (USD) — Fri 12:30 UTC 🟡 Chicago PMI (USD) — Fri 13:45 UTC 🟡 Michigan Consumer Expectations (USD) — Fri 14:00 UTC SESSION OUTLOOK Watch 4100 support hold/break during Asia. US data at London open may trigger volatility; overbought RSI suggests pullback risk into support.

Key Levels

R: 4150.00 · 4165.68 · 4200.00

S: 4100.00 · 4050.00 · 3961.81