XAUUSD London briefing — 2026-10-09

BIAS BEARISH. D1 structure, H4/H1 trend confluence, and H4 fair value gaps drive downside bias despite neutral RSI. KEY LEVELS R: 4200, 4250, 4399.21898 | S: 4150, 4100, 4061.73421 NEWS 🔴 Michigan Consumer Sentiment Index (Fri 14:00 UTC) 🟡 Michigan Consumer Expectations Index (Fri 14:00 UTC) 🟡 UoM 1-year Inflation Expectations (Fri 14:00 UTC) SESSION OUTLOOK London opens into bearish structure. Michigan data at US open may accelerate USD strength, testing support levels.

Key Levels

R: 4200.00 · 4250.00 · 4399.22

S: 4150.00 · 4100.00 · 4061.73