XAUUSD London briefing — 2026-09-16

BIAS BEARISH. D1 structure remains bearish; H4 EMA confirms downside while H1 neutral creates minor friction, but daily conviction outweighs intraday noise. KEY LEVELS R: 4350, 4400, 4637.17 | S: 4300, 4253.79, 4250 NEWS 🟡 MBA Mortgage Applications Wed 11:00 UTC | 🟡 Export Price Index (MoM/YoY) Wed 12:30 UTC — low impact, USD sensitivity minimal. SESSION OUTLOOK Watch 4300 support hold into US data. Break below confirms continuation toward 4253.79; hold signals consolidation into 4350 resistance.

Key Levels

R: 4350.00 · 4400.00 · 4637.17

S: 4300.00 · 4253.79 · 4250.00