XAUUSD London briefing — 2026-09-03

BIAS BEARISH — D1 structure confirms downside; RSI neutral at 54 allows lower targets; H4/H1 EMAs divergent but not contradicting the daily bias. KEY LEVELS R: 4450, 4500, 4695.94 | S: 4400, 4350, 4283.21 NEWS 🟡 Challenger Job Cuts (USD) Thu 09:30 UTC 🟡 Fed's Waller speech (USD) Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) Thu 12:30 UTC SESSION OUTLOOK USD strength from Waller comments could accelerate gold weakness toward 4400. Watch initial reaction at London open; late US data may trigger volatility into close.

Key Levels

R: 4450.00 · 4500.00 · 4695.94

S: 4400.00 · 4350.00 · 4283.21