XAUUSD London briefing — 2026-05-11

BIAS BULLISH — D1 structure dominates despite H4 bearish EMA; RSI neutral supports upside potential. KEY LEVELS R: 4700, 4750, 4771.44 | S: 4650, 4600, 4503.72 NEWS 🟡 Existing Home Sales MoM (USD) 14:00 UTC 🟡 Existing Home Sales Change MoM (USD) 14:00 UTC 🔴 3-Month Bill Auction (USD) 15:30 UTC SESSION OUTLOOK Watch 4700 resistance breakout on housing data reaction. Bill auction may trigger USD volatility; monitor gold's counter-move into London close. PRO UNLOCKS Entry 4685, SL 4670, TP1 4710, TP2 4750 | FVG 4680–4695 | Liquidity sweep 4650

Key Levels

R: 4700.00 · 4750.00 · 4771.44

S: 4650.00 · 4600.00 · 4503.72