XAUUSD London briefing — 2026-08-21

BIAS NEUTRAL — EMAs bullish but RSI overbought at 71.84 conflicts with upside continuation; D1 structure supports but lacks conviction at resistance. KEY LEVELS R: 4567.88, 4600, 4650 | S: 4550, 4500, 4022.04 NEWS 🔴 S&P Global Manufacturing PMI (USD) — Fri 21 Aug, 13:45 UTC 🔴 S&P Global Services PMI (USD) — Fri 21 Aug, 13:45 UTC 🟡 S&P Global Composite PMI (USD) — Fri 21 Aug, 13:45 UTC SESSION OUTLOOK PMI prints drive risk sentiment; watch for USD strength reaction. Rejection at 4567.88 probable; 4550 critical support if PMI misses.

Key Levels

R: 4567.88 · 4600.00 · 4650.00

S: 4550.00 · 4500.00 · 4022.04