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

The XAU/USD (Gold) chart has a bearish momentum, indicating potential downward movement. There is a chance of a short-term rise towards the 1st resistance at 1932.11, followed by a potential reversal leading to a drop towards the 1st support at 1913.73. The 2nd support at 1889.4 provides additional downside support, while the 2nd resistance at 1953.53 acts as a swing high resistance.