XAUUSD London briefing — 2026-10-02

BIAS BEARISH. D1 structure, H4 EMA, and H4 fair value gaps confirm downside; H1 bullish FVG creates tactical pullback risk within the larger decline. KEY LEVELS R: 4200, 4250 | S: 4150, 4111.80, 4100 NEWS 🔴 Average Hourly Earnings (MoM/YoY) 12:30 UTC | 🟡 Average Weekly Hours 12:30 UTC SESSION OUTLOOK USD strength from jobs data risks volatility into London's close. Watch 4200 resistance for rejection confirmation into support.

Key Levels

R: 4200.00 · 4250.00 · 4443.20

S: 4150.00 · 4111.80 · 4100.00