FX.co ★ XAUUSD , H4 | Bounce off support level ?

The XAU/USD chart indicates a bearish trend as the price is below a significant descending trend line. In the short term, there is potential for a price rise towards the first resistance level at 1966.26, which previously acted as a swing high resistance. If bullish momentum continues, the second resistance level at 1980.08, an overlap resistance, could pose a stronger barrier. Conversely, the first support level at 1933.95, an overlap support