XAUUSD London briefing — 2026-07-16

BIAS BEARISH. EMA H4/H1 aligned downtrend; D1 structure confirms; RSI 42 supports weakness without oversold divergence. KEY LEVELS R: 4050 | 4100 | 4202.03 | S: 4000 | 3950 | 3949.45 NEWS 🟡 Initial Jobless Claims (USD) – Thu 12:30 UTC 🟡 Continuing Claims (USD) – Thu 12:30 UTC 🟡 4-week Average (USD) – Thu 12:30 UTC SESSION OUTLOOK Watch 4050 resistance hold. Jobless data could trigger volatility; USD strength extends gold downside toward 4000 support. PRO UNLOCKS Entry 4015 | SL 4055 | TP1 3980 | TP2 3950 | FVG 4018-

Key Levels

R: 4050.00 · 4100.00 · 4202.03

S: 4000.00 · 3950.00 · 3949.45