XAUUSD London briefing — 2026-05-18

BIAS BEARISH. H4 EMA bearish overrides neutral D1; RSI 44 approaching oversold confirmation. KEY LEVELS R: 4600, 4650, 4773.50 | S: 4550, 4500, 4476.90 NEWS 🟡 NAHB Housing Market Index 14:00 UTC 🟡 3M/6M Bill Auctions 15:30 UTC SESSION OUTLOOK Weak USD data supports gold consolidation near 4550. Watch for break below support into London close; resistance at 4600 remains contested. PRO UNLOCKS Entry 4545, SL 4565, TP1 4520, TP2 4476.90, FVG 4530–4542, liquidity sweep 4600, Fib 0.618 retracement unlocked.

Key Levels

R: 4600.00 · 4650.00 · 4773.50

S: 4550.00 · 4500.00 · 4476.90