FX.co ★ XAUUSD, H4 | Major Bullish Reversal

The price has recently reversed from our 1st support level at 1890, which also lines up with the 23.6% Fibonacci retracement. It's possible that the price could potentially push up to our 1st resistance level at 1923, which lines up with the 78.6% Fibonacci retracement. However, if the price were to break above our 1st resistance level, it could potentially push up to our 2nd resistance level at 1959, which is a swing-high resistance level.

In terms of support level, our 2nd support level is at 1861, which lines up with the 50% Fibonacci retracement.