XAUUSD London briefing — 2026-08-31

BIAS BEARISH — H1 EMA bearish, RSI at 31.96 nearing oversold, D1 neutral supports downside continuation without conviction reversal yet. KEY LEVELS R: 4450, 4500, 4695.94 | S: 4400, 4350, 4310.61 NEWS 🟡 Dallas Fed Manufacturing Index (14:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK Watch for weakness into 4400 support on softer manufacturing data. USD weakness via auction results could spark gold bounce toward 4450 resistance.

Key Levels

R: 4450.00 · 4500.00 · 4695.94

S: 4400.00 · 4350.00 · 4310.61