XAUUSD London briefing — 2026-08-12

BIAS BULLISH. H4/H1 EMAs aligned uptrend, D1 structure bullish, RSI neutral at 64.72 (no overbought conflict). KEY LEVELS R: 4434.78, 4450, 4500 | S: 4400, 4350, 3996.32 NEWS 🔴 CPI MoM/YoY (USD) Wed 12:30 UTC — high impact inflation data may spark volatility. 🟡 MBA Mortgage Apps (USD) Wed 11:00 UTC — low impact. SESSION OUTLOOK CPI release at London mid-session risks pullback if hotter-than-expected. Watch 4400 support hold for continuation bias.

Key Levels

R: 4434.79 · 4450.00 · 4500.00

S: 4400.00 · 4350.00 · 3996.32