XAUUSD London briefing — 2026-09-02

BIAS NEUTRAL — RSI deeply oversold (25.51) suggests bounce potential, but H1 bearish EMA and daily structure conflict with H4 neutrality. No clear directional edge. KEY LEVELS R: 4350, 4400, 4695.94 | S: 4300, 4283.21, 4250 NEWS 🔴 ADP Employment Change 12:15 UTC 🟡 Factory Orders (MoM) 14:00 UTC 🟡 MBA Mortgage Applications 11:00 UTC SESSION OUTLOOK Watch 4300 support hold into ADP release. USD strength could extend gold weakness; oversold bounce off support offers tactical entry if RSI divergence confirms.

Key Levels

R: 4350.00 · 4400.00 · 4695.94

S: 4300.00 · 4283.21 · 4250.00