XAUUSD London briefing — 2026-08-18

BIAS BULLISH. H4/H1 EMAs aligned bullish, D1 structure intact, RSI neutral supports room to run higher without overbought conditions. KEY LEVELS R: 4449.78 | 4450 | 4500 | S: 4400 | 4350 | 4021.07 NEWS 🟡 ADP Employment Change 4-week avg (12:15 UTC) 🟡 Building Permits MoM (12:30 UTC) SESSION OUTLOOK ADP data into London open may test 4400 support; watch permit prints for USD strength signals. Bias holds if 4400 holds.

Key Levels

R: 4449.78 · 4450.00 · 4500.00

S: 4400.00 · 4350.00 · 4021.07