XAUUSD London briefing — 2026-08-03

BIAS BULLISH. Daily structure bullish; RSI neutral at 54.68 prevents overextension; H4/H1 EMAs neutral but not conflicting the longer-term bias. KEY LEVELS R: 4100, 4150, 4165.68 | S: 4050, 4000, 3961.81 NEWS 🟡 ISM Manufacturing Employment Index (Mon 14:00 UTC) 🔴 S&P Global Manufacturing PMI (Mon 13:45 UTC) 🔴 Construction Spending MoM (Mon 14:00 UTC) SESSION OUTLOOK Watch 4050 support hold into US data. Weak manufacturing prints may trigger safe-haven demand; 4100 resistance tests liquidity.

Key Levels

R: 4100.00 · 4150.00 · 4165.68

S: 4050.00 · 4000.00 · 3961.81