XAUUSD London briefing — 2026-08-05

BIAS NEUTRAL — H1 bullish vs H4 neutral creates conflicting signals; RSI overbought (75.45) caps upside despite daily bullish structure. KEY LEVELS R: 4179.30, 4200, 4250 | S: 4150, 4100, 3961.81 NEWS 🔴 ADP Employment Change (Wed 12:15 UTC) 🟡 S&P Global Composite PMI (Wed 13:45 UTC) 🔴 MBA Mortgage Apps (Wed 11:00 UTC) SESSION OUTLOOK ADP print will drive volatility; overbought RSI suggests profit-taking risk into resistance. Watch 4179 rejection or 4150 support break for directional conviction.

Key Levels

R: 4179.30 · 4200.00 · 4250.00

S: 4150.00 · 4100.00 · 3961.81