XAUUSD London briefing — 2026-08-26

BIAS BULLISH — D1 structure intact; H4 EMA bullish supports upside, though H1 neutral and RSI mid-range require caution on momentum conviction. KEY LEVELS R: 4650, 4695.94, 4700 | S: 4600, 4550, 4230.24 NEWS 🟡 MBA Mortgage Applications 11:00 UTC | 🔴 Core PCE MoM/YoY 12:30 UTC SESSION OUTLOOK PCE prints at London mid-session; USD strength could pressure gold. Watch 4650 resistance—break above signals deeper bullish commitment; failure keeps bias neutral.

Key Levels

R: 4650.00 · 4695.94 · 4700.00

S: 4600.00 · 4550.00 · 4230.24