XAUUSD London briefing — 2026-08-06

BIAS NEUTRAL – EMAs bullish, D1 structure bullish, but RSI 75.58 overbought signals exhaustion risk; upside momentum lacks confirmation. KEY LEVELS R: 4300, 4304.07, 4350 | S: 4250, 4200, 3983.43 NEWS 🟡 Challenger Job Cuts (USD) – Thu 11:30 UTC 🟡 Initial Jobless Claims (USD) – Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) – Thu 12:30 UTC SESSION OUTLOOK Watch 4300 as pivot; overbought RSI may trigger pullback into 4250–4200. USD data could inject volatility mid-session; respect reaction zones.

Key Levels

R: 4300.00 · 4304.07 · 4350.00

S: 4250.00 · 4200.00 · 3983.43