XAUUSD London briefing — 2026-06-04

BIAS BEARISH. H4 and H1 EMAs aligned downward; RSI neutral at 44.75 confirms no oversold bounce yet. D1 structure neutral, so lower timeframe bearish setup holds edge. KEY LEVELS R: 4500, 4550, 4594.65 | S: 4450, 4400, 4367.19 NEWS 🟡 Challenger Job Cuts (USD) 11:30 UTC 🟡 Initial Jobless Claims (USD) 12:30 UTC 🟡 Continuing Jobless Claims (USD) 12:30 UTC SESSION OUTLOOK Watch for USD strength from jobs data; weakness typically supports gold. H4 break below 4450 could extend bearish structure into London close. PRO UNLOCKS Exact entries, SL placement, TP zones, FVG liquidity sweeps, Fibonacci targets—unlock with Pro subscription

Key Levels

R: 4500.00 · 4550.00 · 4594.65

S: 4450.00 · 4400.00 · 4367.19