XAUUSD H1: The Price Action Forecast for the American Session on 2.7.2026

During the previous trading session, the positive dynamics of the XAUUSD movement were seen. On a longer time-frame, the upward price movement vector also prevails.
The support and resistance levels:
The current support level is in the area of the 3960 mark.
This level was formed by the Bullish Engulfing pattern. The pattern consists of two candles: the first one is inside the body of the second one, which is much larger. The second candle completely engulfs the first one.
The current resistance level is at the 4115.42 mark.
The pattern formed here is Three Outside Bars Down. This pattern is a combination of three Japanese candlesticks. The first candlestick has a short white real body, the second candlestick has a long black real body and completely engulfs the first candlestick, and the third candlestick is also black, closing below the second candlestick.
Trading recommendations:
The upward dynamics prevail on a longer time period, but the short positions should be prioritized during the day because the latest signal suggests a dominant downward movement.