XAUUSD London briefing — 2026-08-24

BIAS NEUTRAL — RSI 76.26 (overbought) conflicts with bullish EMA alignment and D1 structure; pullback risk despite uptrend momentum. KEY LEVELS R: 4650, 4658.96, 4700 | S: 4600, 4550, 4065.91 NEWS 🟡 Chicago Fed National Activity Index (12:30 UTC) 🟡 3M/6M Bill Auctions (15:30 UTC) SESSION OUTLOOK Watch 4650 resistance—break targets 4658.96, rejection triggers retest of 4600 support. Overbought conditions favor consolidation or mild pullback early session.

Key Levels

R: 4650.00 · 4658.96 · 4700.00

S: 4600.00 · 4550.00 · 4065.91