FX.co ★ XAUUSD ,H4 | Possible break through support?

The XAU/USD (Gold/US Dollar) chart currently shows bearish momentum within a descending channel. The price has the potential to fluctuate between the 1st resistance at 1938.90 and the 1st support at 1913.47. These levels are considered important overlap areas that could provide stability. Additionally, the 2nd support at 1888.61 reinforces the significance of support. On the upside, the 1st resistance at 1938.90 and the 2nd resistance at 1953.71 act as overlap resistances, potentially impeding further upward movement. s.