XAUUSD Analysis – August 3 Update

Price completed a corrective wave from point (A) up to (B), and we’re now watching a clear rejection from the (B) zone, which aligns with a supply/liquidity area.

📍 Expected Scenario: Continuation to the downside toward target (C)
🎯 Target: Marked zone at (C)
🛑 Stop Loss: Just above the (B) zone (upper red area)

⚠️ Note: There are US economic events flagged today and tomorrow (per the calendar icons on the chart), so expect increased volatility around those times — risk management should be a priority.

This analysis is based on technical price action reading and is not direct financial advice — each trader should manage their position according to their own risk plan.