XAUUSD London briefing — 2026-08-07

BIAS NEUTRAL — RSI overbought at 72.1 conflicts with bullish EMA alignment and D1 structure; no clear directional edge. KEY LEVELS R: 4300, 4304.07, 4350 | S: 4250, 4200, 3983.43 NEWS 🔴 Average Hourly Earnings (MoM/YoY) — Fri 12:30 UTC 🟡 Average Weekly Hours — Fri 12:30 UTC SESSION OUTLOOK NFP data into London can spark volatility; watch 4300 rejection or break. RSI overbought leaves pullback risk; support at 4250 critical.

Key Levels

R: 4300.00 · 4304.07 · 4350.00

S: 4250.00 · 4200.00 · 3983.43