XAUUSD London briefing — 2026-10-05

BIAS BEARISH. Trend vote (D1+EMA H4+EMA H1) bearish; H4 and H1 fair value gaps both bearish aligned. KEY LEVELS R: 4200, 4250 | S: 4150, 4111.80, 4100 NEWS 🟡 S&P Global Composite PMI (USD) 13:45 UTC 🟡 ISM Services Employment Index (USD) 14:00 UTC SESSION OUTLOOK London opens with price near 4155. Watch for rejection at 4200 resistance; breakdown below 4150 confirms downside acceleration toward 4111.80.

Key Levels

R: 4200.00 · 4250.00 · 4443.20

S: 4150.00 · 4111.80 · 4100.00