XAUUSD New York briefing — 2026-11-02

BIAS BEARISH. D1+H4+H1 trend alignment, oversold RSI(14) at 28.55, and bearish fair value gaps across H4 and H1 drive this direction. KEY LEVELS R: 3950, 4000, 4217.47 | S: 3900, 3866.02, 3850 NEWS 🟡 ISM Manufacturing Employment Index (Mon 15:00 UTC) 🔴 S&P Global Manufacturing PMI (Mon 14:45 UTC) 🔴 Construction Spending MoM (Mon 15:00 UTC) SESSION OUTLOOK Monitor PMI release at 14:45 for USD momentum. Oversold conditions may trigger intraday bounce, but trend structure favors lower targets.

Key Levels

R: 3950.00 · 4000.00 · 4217.47

S: 3900.00 · 3866.02 · 3850.00