XAUUSD | Monday 03-Aug- 2026 Outlook: 4015 Support in Focus
Monday (03 Aug) focus remains on 4015 support and 4098 resistance. My preferred scenario is a pullback into the 4015 area. If buyers defend the level and price confirms the reaction, I'll be looking for long opportunities targeting the 4098–4100 zone. Until then, I'll stay patient and let the market confirm the setup.
From a bigger-picture perspective, I still see the current move as part of a developing recovery rather than a completed trend. As long as higher lows continue to form, my expectation is for price to work its way higher over time, with 4130, 4370, and the upper trendline remaining the next key areas of interest. One step at a time, with confirmation at each level.