FX.co ★ XAUUSD, H4 | React off 1st resistance?

The XAU/USD pair is currently displaying a neutral trend, with potential price oscillations between the 1st support at 1912.34 and the 1st resistance at 1931.81. These key levels, reinforced by Fibonacci confluence and overlap supports or resistances, provide stability for the price. An additional safety net exists at the 2nd support at 1900.86, while the 2nd resistance at 1945.96 could be the target if the price surpasses the 1st resistance. Furthermore, the chart showcases a symmetrical triangle pattern, indicating a consolidation phase that might end with a bullish breakout or a bearish breakdown.