XAUUSD London briefing — 2026-05-21

BIAS BEARISH — D1 structure bearish, H4/H1 EMAs aligned downside, RSI neutral supports continuation. KEY LEVELS R: 4550, 4600, 4773.50 | S: 4500, 4454.14, 4450 NEWS 🟡 Building Permits MoM (USD) — Thu 21 May 12:30 UTC 🟡 Building Permits Change (USD) — Thu 21 May 12:30 UTC 🟡 Continuing Jobless Claims (USD) — Thu 21 May 12:30 UTC SESSION OUTLOOK Medium US data releases risk volatility spikes. Watch 4500 support hold; break below targets 4454. PRO UNLOCKS Entry 4507–4512 | SL 4525 | TP1 4485 | TP2 4450 | FVG

Key Levels

R: 4550.00 · 4600.00 · 4773.50

S: 4500.00 · 4454.14 · 4450.00