XAUUSD London briefing — 2026-07-30

BIAS BEARISH. H4 and H1 EMAs aligned downtrend; D1 structure confirms lower lows; RSI neutral (47) prevents overextension signal but doesn't negate downside momentum. KEY LEVELS R: 4050, 4100, 4165.68 | S: 4000, 3961.81, 3950 NEWS 🔴 Core PCE MoM & YoY (Thu 12:30 UTC) — inflation data may spike volatility; 🟡 Jobless Claims (Thu 12:30 UTC). SESSION OUTLOOK Watch 4050 resistance—breach invalidates near-term bearish structure. USD strength from inflation prints could accelerate gold downside toward 4000.

Key Levels

R: 4050.00 · 4100.00 · 4165.68

S: 4000.00 · 3961.81 · 3950.00