XAUUSD London briefing — 2026-10-28

BIAS BEARISH. D1 + H4 + H1 trend confluence, H4 and H1 fair value gaps, and bearish D1 structure override neutral RSI. KEY LEVELS R: 4050, 4100, 4225.62 | S: 4000, 3975.83, 3950 NEWS 🟡 MBA Mortgage Applications (Wed 11:00 UTC) 🟡 Goods Trade Balance (Wed 12:30 UTC) 🟡 Wholesale Inventories (Wed 12:30 UTC) SESSION OUTLOOK London opens into resistance cluster 4050–4100. Watch for rejection; H1 FVG bearish zones offer downside targets into support.

Key Levels

R: 4050.00 · 4100.00 · 4225.62

S: 4000.00 · 3975.83 · 3950.00