XAUUSD London briefing — 2026-10-12

BIAS BEARISH. Liquidity sweep of highs combined with bearish H4 and H1 fair value gaps override neutral trend and RSI; D1 structure confirms downside. KEY LEVELS R: 4200, 4250, 4399.22 | S: 4150, 4100, 4061.73 NEWS 🟡 Fed Hammack speech (USD) Mon 16:50 UTC 🟡 Fed Waller speech (USD) Tue 07:45 UTC 🟡 NFIB Business Optimism (USD) Tue 10:00 UTC SESSION OUTLOOK Watch for test of 4200 resistance during London. Hammack speech may trigger USD volatility; monitor gold's response to Fed rhetoric on rate trajectory.

Key Levels

R: 4200.00 · 4250.00 · 4399.22

S: 4150.00 · 4100.00 · 4061.73