XAUUSD London briefing — 2026-09-28

BIAS BEARISH. Trend vote (D1+H4+H1 EMA alignment) combined with H4/H1 fair value gaps and oversold RSI(14) at 25.84 drive downside conviction. KEY LEVELS R: 4200, 4250 | S: 4168.43, 4150, 4100 NEWS 🟡 Dallas Fed Manufacturing (14:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK London opens into weak USD data. Watch 4168–4150 support zone; break below targets 4100. Oversold conditions may trap early shorts.

Key Levels

R: 4200.00 · 4250.00 · 4514.11

S: 4168.43 · 4150.00 · 4100.00