XAUUSD London briefing — 2026-08-04

BIAS NEUTRAL — RSI 56.52 midpoint, H4/H1 EMAs both neutral, D1 structure offers no directional conviction. Conflicting timeframes require price confirmation before taking sides. KEY LEVELS R: 4100, 4150, 4165.68 | S: 4050, 4000, 3961.81 NEWS 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Goods & Services Trade Balance (USD) 12:30 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Low-impact US data may spark range consolidation around 4065. Watch 4100 resistance; breach signals bullish lean, hold at 4050 suggests downside probe.

Key Levels

R: 4100.00 · 4150.00 · 4165.68

S: 4050.00 · 4000.00 · 3961.81