XAUUSD London briefing — 2026-10-07

BIAS BEARISH. D1 + H4 + H1 EMA alignment combined with bearish H4 and H1 fair-value gaps drive directional bias. KEY LEVELS R: 4150, 4200, 4430.46 | S: 4107.79, 4100, 4050 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 EIA Crude Oil Stocks (Wed 14:30 UTC) 🟡 EIA Distillate Stocks (Wed 14:30 UTC) SESSION OUTLOOK Watch for breaks below 4107.79 in early London hours. Minor data releases may trigger short-term chop before directional continuation into US hours.

Key Levels

R: 4150.00 · 4200.00 · 4430.46

S: 4107.79 · 4100.00 · 4050.00