XAUUSD London briefing — 2026-09-04

BIAS BULLISH. H4 EMA bullish despite H1 neutral and RSI mid-range; D1 neutral doesn't contradict upside bias, just lacks conviction. KEY LEVELS R: 4500, 4550, 4695.94 | S: 4450, 4400, 4283.21 NEWS 🔴 Average Hourly Earnings (MoM/YoY) USD – 12:30 UTC 🟡 Average Weekly Hours USD – 12:30 UTC SESSION OUTLOOK US jobs data at 12:30 UTC will dominate. Strong earnings could lift risk sentiment and gold; weak hours data may trigger volatility around 4500 resistance.

Key Levels

R: 4500.00 · 4550.00 · 4695.94

S: 4450.00 · 4400.00 · 4283.21