Gold weekly levels with both buy and sell levels rated as a %
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XAUUSD — WEEKLY LEVEL ANALYSIS & PREDICTION (UPDATED)
Date: 2026-08-02 | Last Close (Fri): 4,045.165
Market Status: CLOSED — weekend gap, Sunday reopen ~22:00 UTC
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ACTIVE INDICATORS
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MA1 : 4,060.571
MA2 : 4,060.410
MA4 : 4,259.204
100-bar High : 4,166.13
100-bar Low : 3,959.80
Prev Day High : 4,120.495
Prev Day Low : 4,028.69
Prev Week High : 4,166.13
Prev Week Low : 3,982.63
FIBONACCI RETRACEMENT (dominant swing, low 3,959.80 -> high 4,166.13)
23.6% 4,117.44
38.2% 4,087.31
50.0% 4,062.97
61.8% 4,038.62
78.6% 4,003.95
Drawn on chart, magenta/orange/grey/cyan/blue, white text labels.
TREND LINES (drawn on chart, dashed)
Descending Highs (Daily/4H): 4,166.13 (Jul21) -> 4,120.495 (Jul30)
- currently projects through almost exactly the 4,120 BUY level;
this is the diagonal ceiling capping every rally this week.
Ascending Lows (Daily/4H): 3,996.055 (Jul28) -> 4,020.975 (Jul30)
- currently projects through the 4,000-4,020 pocket, just above
the SELL 4,018 level and the 78.6% fib (4,003.95).
Analysis led with the 4H timeframe. All 22 of the user's marked
buy/sell levels are labeled directly on the chart with price text.
HOW SCORES ARE CALCULATED
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Each level scored on technical confluence:
+ Within 10pts of MA1/MA2 (primary) +20%
+ Within 10pts of MA4 (secondary) +15%
+ Within 10pts of PDH / PDL +15%
+ Within 10pts of PWH / PWL +15%
+ Within 10pts of a Fibonacci level +15%
+ Round number (X00 or X50) +5%
+ Near 100-bar High / Low +10%
+ Strong recent swing high/low +10%
Base score 30%
(No VWAP or POC indicator active on this chart.)
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WEEKEND MARKET CONTEXT & WEEK-AHEAD CALENDAR
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WEEKEND / FRIDAY RECAP
Gold fell over 1% on Friday (Aug 1), pressured by broad USD
strength and firmer US bond yields, consolidating into the
weekend around the $4,000-4,045 area seen on the chart now.
Background themes still in play for the coming week: the Fed's
current policy pause is offsetting pressure from still-elevated
yields; some "AI bubble cooling" risk-off chatter is circulating
and would be gold-supportive if it persists; ongoing Middle East
tension and the US 35% tariff on Canadian imports (effective
Aug 1) remain background safe-haven supports even though Friday's
actual move was dollar-driven weakness, not a risk-off spike.
CAVEAT: some web results returned stale/inconsistent gold price
figures (a few articles referenced $5,100-5,300, clearly from a
different period and inconsistent with the live chart around
$4,045) — those figures were discarded; only the qualitative
themes above were used.
THIS WEEK'S MAJOR SCHEDULED EVENTS (times in UTC)
Mon Aug 3 14:00 ISM Manufacturing PMI (USD) HIGH IMPACT
Tue Aug 4 22:45 NZD Employment/Unemployment HIGH (light NY-session effect)
Wed Aug 5 12:15 ADP Non-Farm Employment Change MEDIUM
Wed Aug 5 14:00 ISM Services PMI (USD) MEDIUM
Thu Aug 6 12:30 Unemployment Claims (USD) MEDIUM
Fri Aug 7 12:30 Non-Farm Payrolls (USD) HIGH IMPACT
Fri Aug 7 12:30 Unemployment Rate (USD) HIGH IMPACT
Fri Aug 7 12:30 Average Hourly Earnings (USD) HIGH IMPACT
Fri Aug 7 12:30 CAD Employment Change/Unemployment HIGH IMPACT
This is a Non-Farm Payrolls week. Friday 12:30 UTC is the
dominant risk event — expect the tightest, most range-bound
trading of the week Mon-Thu as positioning builds ahead of it,
with the highest volatility risk concentrated in the Friday
US session. Monday's ISM Manufacturing PMI is the other
high-impact print to watch, and can set the tone for the dollar
into the rest of the week.
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BUY LEVELS (GREEN) — 10 levels above/near price
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BUY @ 4,060.00 SUCCESS RATE: 65%
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Distance from price: +14.84 pts
Analysis: Sits almost exactly on the MA1/MA2 cluster (4,060.41-4,060.57,
0.4-0.6pts away) AND within 3pts of the 50% Fibonacci retracement
(4,062.97) of the dominant swing — a genuine double confluence between
a live moving-average reaction level and a structural retracement
level.
Verdict: MODERATE TO STRONG — MA cluster + Fib 50% confluence, needs
price to actually reclaim the level to matter.
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BUY @ 4,080.00 SUCCESS RATE: 45%
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Distance from price: +34.84 pts
Analysis: Lands within 7.3pts of the 38.2% Fibonacci level (4,087.31)
— the only factor supporting this level, no MA/structural/round-number
confluence otherwise.
Verdict: WEAK — single fib-proximity factor only, use with confirmation.
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BUY @ 4,082.00 SUCCESS RATE: 45%
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Distance from price: +36.84 pts
Analysis: Same 38.2% fib proximity as 4,080 (5.3pts away) — the two
levels effectively bracket the same fib level from either side.
Verdict: WEAK — single fib-proximity factor only, use with confirmation.
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BUY @ 4,100.00 SUCCESS RATE: 35%
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Distance from price: +54.84 pts
Analysis: Round number only (+5%). Sits 20.5pts under PDH and 12.7pts
from the 38.2% fib — close to both but outside the 10pt window on
each.
Verdict: SPECULATIVE — round-number level only, no other confluence.
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BUY @ 4,120.00 SUCCESS RATE: 70%
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Distance from price: +74.84 pts
Analysis: The strongest level on the board. Lands almost exactly on
the Previous Day High (4,120.495, 0.5pts away) AND within 3pts of the
23.6% Fibonacci retracement (4,117.44) AND sits right where the
descending-highs trend line (4,166.13 -> 4,120.495) currently
projects to — three independent factors (structural PDH, fib,
trendline) converging on the same price. This is the level that has
capped every rally attempt this week.
Verdict: MODERATE TO STRONG (near-STRONG) — the single most important
level on the chart; a confirmed close above it is what would flip the
range bias bullish.
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BUY @ 4,140.00 SUCCESS RATE: 30%
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Distance from price: +94.84 pts
Analysis: 22.6pts above the 23.6% fib and 19.5pts above PDH — sits in
the gap between the two, no direct confluence.
Verdict: SPECULATIVE — no technical basis found in current data.
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BUY @ 4,185.00 SUCCESS RATE: 30%
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Distance from price: +139.84 pts
Analysis: 18.9pts above both the Previous Week High and the 100-bar
High (same price, 4,166.13) — close to that ceiling but just outside
the 10pt confluence window.
Verdict: SPECULATIVE — near but outside confluence range of the weekly high.
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BUY @ 4,200.00 SUCCESS RATE: 35%
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Distance from price: +154.84 pts
Analysis: Round number only (+5%). 33.9pts above PWH/100-bar High —
a clean psychological level above the current range extreme, but
nothing in the live data confirms it directly yet.
Verdict: SPECULATIVE — round-number level only, would need price to
first clear the 4,166 zone to become relevant.
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BUY @ 4,250.00 SUCCESS RATE: 50%
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Distance from price: +204.84 pts
Analysis: Lands 9.2pts under MA4 (4,259.204) — the only level on the
board that lines up with the longer/slower moving average, plus a
round number.
Verdict: MODERATE — solid single-factor (MA4) plus round-number
confluence, but a long way from current price.
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BUY @ 4,310.00 SUCCESS RATE: 30%
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Distance from price: +264.84 pts
Analysis: 50.8pts above MA4, no other factor in range.
Verdict: SPECULATIVE — no technical basis found in current data.
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SELL LEVELS (RED) — 12 levels below/near price
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SELL @ 4,018.00 SUCCESS RATE: 30%
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Distance from price: -27.17 pts
Analysis: 10.7pts below PDL and just above where the ascending-lows
trend line (3,996.055 -> 4,020.975) currently projects to — close to
two structural references but just outside the 10pt scoring window
on each.
Verdict: SPECULATIVE — just misses structural confluence with PDL and the trendline.
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SELL @ 4,002.00 SUCCESS RATE: 45%
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Distance from price: -43.17 pts
Analysis: Lands within 2pts of the 78.6% Fibonacci retracement
(4,003.95) — a tight, genuine fib confluence, though no structural
(PDL/PWL) factor supports it directly.
Verdict: WEAK — fib confluence only, treat as a reaction level rather than a standalone entry.
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SELL @ 3,992.00 SUCCESS RATE: 45%
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Distance from price: -53.17 pts
Analysis: 9.37pts above the Previous Week Low (3,982.63) — inside the
confluence window for that structural level. Just outside range of
the 78.6% fib (11.95pts).
Verdict: WEAK — some structural basis (near PWL), treat as a target
rather than a standalone entry.
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SELL @ 3,984.00 SUCCESS RATE: 55%
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Distance from price: -61.17 pts
Analysis: Essentially sits on the Previous Week Low (3,982.63, 1.4pts
away), which is also a genuine swing low from earlier this month —
both the structural PWL factor and the recent-swing factor confirm
here.
Verdict: MODERATE TO STRONG — strongest SELL level on the board,
directly on a confirmed weekly swing low.
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SELL @ 3,970.00 SUCCESS RATE: 30%
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Distance from price: -75.17 pts
Analysis: 12.6pts below PWL and 10.2pts above the 100-bar Low — close
to both but just outside the scoring window on each.
Verdict: SPECULATIVE — sits between two structural levels without
landing inside either's confluence range.
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SELL @ 3,960.00 SUCCESS RATE: 50%
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Distance from price: -85.17 pts
Analysis: Essentially sits on the 100-bar Low (3,959.80, 0.2pts away),
which is also a genuine swing low — both the range-extreme factor and
the recent-swing factor confirm here.
Verdict: MODERATE — solid double confluence at the floor of the
100-bar range.
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SELL @ 3,940.00 SUCCESS RATE: 40%
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Distance from price: -105.17 pts
Analysis: 2.1pts from a genuine deeper swing low printed earlier this
month (~3,942) — a real structural point, but this level sits well
outside the current 100-bar range and has less recent relevance.
Verdict: WEAK — real swing-low confluence but a stale/deeper level,
use as a target only.
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SELL @ 3,910.00 SUCCESS RATE: 30%
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Distance from price: -135.17 pts
Analysis: No MA, structural, fib, or round-number factor within range.
Verdict: SPECULATIVE — no technical basis found in current data.
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SELL @ 3,880.00 SUCCESS RATE: 30%
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Distance from price: -165.17 pts
Analysis: No factor within range; deep extension level below all
tracked structure.
Verdict: SPECULATIVE — no technical basis found in current data.
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SELL @ 3,850.00 SUCCESS RATE: 35%
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Distance from price: -195.17 pts
Analysis: Round number only (+5%). No other factor in range.
Verdict: SPECULATIVE — round-number level only.
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SELL @ 3,820.00 SUCCESS RATE: 30%
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Distance from price: -225.17 pts
Analysis: No factor within range.
Verdict: SPECULATIVE — no technical basis found in current data.
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SELL @ 3,800.00 SUCCESS RATE: 35%
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Distance from price: -245.17 pts
Analysis: Round number only (+5%). Deepest level on the board, no
structural confirmation.
Verdict: SPECULATIVE — round-number level only.
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SUMMARY RANKING
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TOP 3 LEVELS TO WATCH:
1. BUY 4,120.00 | 70% MODERATE TO STRONG (PDH + Fib 23.6% + descending trendline — triple confluence)
2. BUY 4,060.00 | 65% MODERATE TO STRONG (MA cluster + Fib 50%)
3. SELL 3,984.00 | 55% MODERATE TO STRONG (Prev Week Low + swing low)
BUY LEVELS — Ranked high to low:
4,120.00 70% **** MODERATE TO STRONG
4,060.00 65% **** MODERATE TO STRONG
4,250.00 50% *** MODERATE
4,080.00 45% ** WEAK
4,082.00 45% ** WEAK
4,100.00 35% * SPECULATIVE
4,200.00 35% * SPECULATIVE
4,140.00 30% * SPECULATIVE
4,185.00 30% * SPECULATIVE
4,310.00 30% * SPECULATIVE
SELL LEVELS — Ranked high to low:
3,984.00 55% *** MODERATE TO STRONG
3,960.00 50% *** MODERATE
3,992.00 45% ** WEAK
4,002.00 45% ** WEAK
3,940.00 40% ** WEAK
3,800.00 35% * SPECULATIVE
3,850.00 35% * SPECULATIVE
4,018.00 30% * SPECULATIVE
3,970.00 30% * SPECULATIVE
3,910.00 30% * SPECULATIVE
3,880.00 30% * SPECULATIVE
3,820.00 30% * SPECULATIVE
Star ratings: *****=85%+ ****=70-84% ***=55-69% **=45-54% *=below 45%
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OVERALL BIAS: NEUTRAL / RANGING
Market currently CLOSED (weekend) — last price 4,045.165, no live
aftermarket tick yet. Gold typically reopens ~22:00-23:00 UTC
Sunday; check back after reopen for the first live print.
Price vs Key Indicators: 4,045.165 sits ~15pts below the MA1/MA2
cluster (~4,060.5) and well below the longer MA4 (4,259.204) —
short-term momentum leans soft inside a range that has held between
roughly 3,983 and 4,166 for the past two weeks. The descending
trend line off the July highs and the ascending trend line off the
late-July lows are now converging toward each other — a classic
narrowing pattern that often precedes a range break, and Friday's
NFP print is the most likely catalyst to force that break.
Most Important Level This Week: BUY 4,120.00 (Prev Day High + Fib
23.6% + descending trendline) — the ceiling that has capped every
rally this week; a confirmed close above it is the trigger that
would flip the range bias bullish, while continued rejection keeps
price oriented toward the 3,984/3,960 SELL cluster on the downside.
With Non-Farm Payrolls landing Friday 12:30 UTC, expect this range
to compress Mon-Thu before the real directional resolution.
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