XAUUSD London briefing — 2026-09-30

BIAS BEARISH. D1 structure, H4 EMA, and H1 trend vote combined drive downside; H4 fair value gaps confirm lower momentum. KEY LEVELS R: 4200, 4250 | S: 4150, 4111.80, 4100 NEWS 🔴 ADP Employment Change, 12:15 UTC 🔴 Core PCE (MoM), 12:30 UTC 🟡 MBA Mortgage Applications, 11:00 UTC SESSION OUTLOOK High-impact US data hits mid-session. Watch for USD strength to pressure gold lower toward 4150 support.

Key Levels

R: 4200.00 · 4250.00 · 4514.11

S: 4150.00 · 4111.80 · 4100.00