XAUUSD / GOLD Sell Projection – 02.08.2026

Gold showed strong rejection from the 4110–4120 resistance area, forming a Bearish Engulfing candle and an Evening Star pattern. These patterns indicate that sellers are gaining control.

Sell Entry / Key Retest: Around 4087.756
Stop Loss: Above 4123.251
First Support Zone: 4028–4008
Final Target: Around 3994.047
Risk-to-Reward: Approximately 1:2.6

As long as the price remains below 4123, the bearish projection remains valid. Price may first test the 4028–4008 demand zone. If this support breaks, the next expected move is toward 3994, where the rising trendline may produce a temporary bounce.

Since gold has already moved near 4045, avoid chasing a fresh sell at the current level. Existing sellers can secure partial profit and move the stop loss to a safer level.