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

The current chart for XAU/USD shows a bullish momentum, suggesting a potential upward trend. This momentum may drive the price towards the 1st resistance level at 1913.71. Additionally, the presence of the 1st support at 1902.93, which aligns with significant Fibonacci levels, and the 2nd support at 1896.25, adds to the likelihood of a bullish movement. Conversely, the 1st resistance level at 1913.71 is considered an important resistance point, and 2nd resistance at 1931.14 could provide additional obstacles to upward movement.