XAUUSD London briefing — 2026-05-15

BIAS BEARISH — H4/H1 aligned downward; RSI deeply oversold signals exhaustion continuation rather than reversal. KEY LEVELS R: 4600, 4650, 4773.50 | S: 4550, 4503.72, 4500 NEWS 🟡 Empire State Manufacturing (12:30 UTC) 🟡 Industrial Production MoM (13:15 UTC) 🟡 Capacity Utilization (13:15 UTC) SESSION OUTLOOK Watch US data cluster for dollar strength confirmation. London early hours likely consolidate near support; volatility enters US morning. PRO UNLOCKS Entry 4570, SL 4605, TP1 4545, TP2 4503, FVG 4565-4575, liquidity sweep 4650 — unlock with Pro

Key Levels

R: 4600.00 · 4650.00 · 4773.50

S: 4550.00 · 4503.72 · 4500.00