XAUUSD London briefing — 2026-07-24

BIAS BEARISH. H4 EMA bearish; D1 structure bullish creates conflict, but RSI neutral and price near resistance (4050) favors downside bias into PMI data. KEY LEVELS R: 4050, 4100, 4202 | S: 4000, 3962, 3950 NEWS 🔴 S&P Global Manufacturing PMI (USD) – Fri 24 Jul 13:45 UTC 🔴 S&P Global Services PMI (USD) – Fri 24 Jul 13:45 UTC 🟡 S&P Global Composite PMI (USD) – Fri 24 Jul 13:45 UTC SESSION OUTLOOK PMI trio at 13:45 UTC is the pivot. Watch for rejection at 4050 or break above into data; weak prints may accelerate downside toward 4000. PRO UNLOCKS Precision

Key Levels

R: 4050.00 · 4100.00 · 4202.03

S: 4000.00 · 3961.81 · 3950.00