XAUUSD London briefing — 2026-05-07

BIAS BEARISH. D1 structure dominates over bullish H1; RSI overbought confirms pullback risk. KEY LEVELS R: 4750, 4800, 4837.40 | S: 4700, 4650, 4503.72 NEWS 🟡 Challenger Job Cuts (USD) 11:30 UTC 🟡 Initial Jobless Claims (USD) 12:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK USD labor data may drive volatility. Watch 4750 resistance; break below 4700 confirms bearish continuation. PRO UNLOCKS Unlock precise entries, stops, targets, FVG zones, liquidity sweeps—Pro members only.

Key Levels

R: 4750.00 · 4800.00 · 4837.40

S: 4700.00 · 4650.00 · 4503.72