XAUUSD London briefing — 2026-10-08

BIAS BEARISH. D1 + H4 + H1 EMAs aligned downtrend; H4 and H1 fair value gaps confirm lower bias; RSI neutral supports continuation rather than reversal. KEY LEVELS R: 4150, 4200, 4403.795 | S: 4100, 4061.73421, 4050 NEWS 🟡 Fed's Waller speech (Thu 08:30 UTC) — Medium 🟡 Initial Jobless Claims (Thu 12:30 UTC) — Medium 🟡 Continuing Jobless Claims (Thu 12:30 UTC) — Low SESSION OUTLOOK London opens into bearish structure with Waller rhetoric risk. Watch hold of 4100 support; breach targets 4061.73.

Key Levels

R: 4150.00 · 4200.00 · 4403.80

S: 4100.00 · 4061.73 · 4050.00