XAUUSD London briefing — 2026-11-06

BIAS NEUTRAL. H4 fair value gaps bullish while H1 gaps bearish; trend votes lack conviction across all timeframes. KEY LEVELS R: 4050, 4100, 4217.47 | S: 4000, 3950, 3866.02 NEWS 🔴 Average Hourly Earnings (MoM/YoY) – Fri 13:30 UTC 🟡 Fed's Williams speech – Fri 09:30 UTC SESSION OUTLOOK London opens with conflicting technicals and USD data risk ahead. Watch 4050 for directional conviction; breaks either side signal mean-reversion or continuation into NY session.

Key Levels

R: 4050.00 · 4100.00 · 4217.47

S: 4000.00 · 3950.00 · 3866.02