XAUUSD London briefing — 2026-07-08

BIAS BEARISH. Daily structure bearish; H4 neutral supports downside bias despite H1 bullish divergence and RSI overbought at 67.93. KEY LEVELS R: 4150, 4200, 4383.62 | S: 4100, 4050, 3949.45 NEWS 🟡 MBA Mortgage Applications 11:00 UTC 🟡 Wholesale Inventories 14:00 UTC 🟡 EIA Crude Oil Stocks 14:30 UTC SESSION OUTLOOK London open likely tests 4100 support. Low-impact data keeps volatility subdued; watch H1 rejection at resistance for short confirmation. PRO UNLOCKS Entry 4135, SL 4155, TP1 4110, TP2 4050 | FVG 4140–4145 | Liquidity sweep 4150 — unlock with Pro

Key Levels

R: 4150.00 · 4200.00 · 4383.62

S: 4100.00 · 4050.00 · 3949.45