XAUUSD London briefing — 2026-08-19

BIAS BEARISH — D1 structure confirms downside; H1 EMA bearish despite H4 neutral and RSI mid-range suggest sellers retain near-term control. KEY LEVELS R: 4400, 4449.78 | S: 4350, 4300, 4021.07 NEWS 🟡 MBA Mortgage Applications 11:00 UTC | 🟡 EIA Crude Oil & Distillate Stocks 14:30 UTC SESSION OUTLOOK Watch 4350 support hold; low-impact data unlikely to shift bias. Retest of H1 bearish structure into London mid-session key.

Key Levels

R: 4400.00 · 4449.78 · 4450.00

S: 4350.00 · 4300.00 · 4021.07