XAUUSD London briefing — 2026-05-28

BIAS BEARISH. H4/H1 aligned downtrend; RSI oversold at 27.96 creates pullback risk but D1 neutral prevents reversal conviction. KEY LEVELS R: 4400, 4450, 4773.50 | S: 4367.19, 4350, 4300 NEWS 🔴 Core PCE MoM/YoY (Thu 12:30 UTC) — hot inflation data may spike USD demand 🟡 Jobless Claims (Thu 12:30 UTC) — labor weakness supports gold but secondary impact SESSION OUTLOOK London opens into oversold conditions. PCE prints expected mid-session; watch USD strength reaction. Retest 4400 resistance on any bounce, then probe supports if inflation disappoints. PRO UNLOCKS Entry 4385, SL 4408, TP1 4367, TP2 4300, FVG

Key Levels

R: 4400.00 · 4450.00 · 4773.50

S: 4367.19 · 4350.00 · 4300.00