XAUUSD New York briefing — 2026-05-07

BIAS BEARISH. D1 structure overrides H1 bullish EMA; RSI overbought at 75.37 signals pullback risk. KEY LEVELS R: 4750, 4800, 4837.40 | S: 4700, 4650, 4503.72 NEWS 🟡 Construction Spending MoM – 14:00 UTC 🟡 EIA Natural Gas Storage – 14:30 UTC SESSION OUTLOOK Weak data expected; gold vulnerable near 4750 resistance. Watch for breakdown toward 4700 support on soft construction data. PRO UNLOCKS Entry 4742, SL 4765, TP1 4720, TP2 4680 | FVG 4755-4748 | Liquidity sweep 4800 | Fib 38.2% = 4710

Key Levels

R: 4750.00 · 4800.00 · 4837.40

S: 4700.00 · 4650.00 · 4503.72