XAUUSD London briefing — 2026-07-28

BIAS BEARISH. D1 structure confirms downtrend; H4 EMA bearish aligns, though H1 neutral and RSI 43.48 suggest consolidation risk near support. KEY LEVELS R: 4100, 4150, 4165.68 | S: 4050, 4000, 3961.81 NEWS 🟡 ADP Employment 4-week avg — 12:15 UTC 🟡 Goods Trade Balance — 12:30 UTC 🟡 Wholesale Inventories — 12:30 UTC SESSION OUTLOOK Watch USD reaction to employment data; rallies risk 4100 resistance. Breakdown below 4050 targets 4000 if news fuels risk sentiment shift. PRO UNLOCKS Entry zones, SL placement, TP sequencing, liquidity sweeps, FVG confluence — unlock with Pro subscription.

Key Levels

R: 4100.00 · 4150.00 · 4165.68

S: 4050.00 · 4000.00 · 3961.81