XAUUSD London briefing — 2026-07-02

BIAS BEARISH. H4/H1 EMAs neutral but daily structure supports downside; RSI 55.85 offers no resistance to continuation lower. KEY LEVELS R: 4100, 4150, 4383.62 | S: 4050, 4000, 3949.45 NEWS 🔴 Average Hourly Earnings (MoM/YoY) – Thu 12:30 UTC 🟡 Average Weekly Hours – Thu 12:30 UTC SESSION OUTLOOK US payroll data at 12:30 UTC will drive volatility. Strong earnings could spark USD strength and push gold toward 4050 support. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweeps, Fibonacci targets — unlock with Pro membership.

Key Levels

R: 4100.00 · 4150.00 · 4383.62

S: 4050.00 · 4000.00 · 3949.45