XAUUSD New York briefing — 2026-09-21

BIAS BEARISH. Trend vote (D1 + EMA H4 + EMA H1) and H1 fair value gaps drive direction; RSI neutral and H4 FVGs bullish create friction but don't override. KEY LEVELS R: 4400, 4450, 4514 | S: 4350, 4300, 4238 NEWS 🟡 Chicago Fed National Activity Index 12:30 UTC 🟡 3-Month Bill Auction 15:30 UTC 🟡 6-Month Bill Auction 15:30 UTC SESSION OUTLOOK Watch for H1 break below 4350 to confirm bearish continuation. Bill auctions may cap upside; weakness into close favors shorts.

Key Levels

R: 4400.00 · 4450.00 · 4514.11

S: 4350.00 · 4300.00 · 4238.37