FX.co ★ XAUUSD, Day | Potential Reversal from a key level ?

The XAU/USD chart currently has bearish momentum, with potential for a drop towards the first support level at 1948, an overlap support level. If prices continue to fall, they could test the second support level at 1881, another overlap support level and the 61.80% Fibonacci retracement level. The recent bearish momentum adds to the likelihood of further declines towards the first support level.