XAUUSD London briefing — 2026-05-05

BIAS BEARISH. D1 structure confirmed; H4 and H1 EMAs aligned downward; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 4600, 4650, 4887.93 | S: 4550, 4503.72, 4500 NEWS 🟡 Goods/Services Trade Balance (USD) 12:30 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Weak US data may extend gold weakness. Watch 4550 support for confirmation; break below triggers acceleration toward 4503.72. PRO UNLOCKS Entry 4542 | SL 4605 | TP1 4503 | TP2 4465 | FVG 4520–4535 — unlock with Pro

Key Levels

R: 4600.00 · 4650.00 · 4887.93

S: 4550.00 · 4503.72 · 4500.00