XAUUSD New York briefing — 2026-05-06

BIAS BEARISH. D1 structure dominates; H1 bullish divergence insufficient to override daily bearish setup with RSI overbought. KEY LEVELS R: 4700, 4750, 4887.93 | S: 4650, 4600, 4503.72 NEWS 🟡 Fed Musallem speech (13:30 UTC) 🟡 Fed Goolsbee speech (17:00 UTC) 🔴 EIA Crude Oil Stocks (14:30 UTC) SESSION OUTLOOK Dollar strength from Fed speakers pressures gold. Watch 4700 resistance; break below 4650 confirms bearish continuation into close. PRO UNLOCKS Entry: 4680 short | SL: 4710 | TP1: 4650 | TP2: 4600 | FVG: 4668-4675 | Liquidity

Key Levels

R: 4700.00 · 4750.00 · 4887.93

S: 4650.00 · 4600.00 · 4503.72