XAUUSD London briefing — 2026-06-05

BIAS BEARISH — EMA H4/H1 aligned downside, D1 structure bearish, RSI neutral confirms no overbought rejection yet. KEY LEVELS R: 4500, 4550, 4594.65 | S: 4450, 4400, 4367.19 NEWS 🔴 Average Hourly Earnings MoM/YoY (USD) — Fri 12:30 UTC 🟡 Average Weekly Hours (USD) — Fri 12:30 UTC SESSION OUTLOOK USD strength from jobs data likely pressures gold lower toward 4450. Watch reaction at first support; break below opens 4400. PRO UNLOCKS Exact entries, stops, targets, FVG zones, liquidity sweeps, Fib levels — unlock with Pro.

Key Levels

R: 4500.00 · 4550.00 · 4594.65

S: 4450.00 · 4400.00 · 4367.19