FX.co ★ XAUUSD, H4 | Bearish continuation Expected

The XAUUSD chart shows bearish momentum with a potential temporary rise towards the 1st resistance level before descending to the 1st support. The 1st support at 1885.60 is a swing low, and the 2nd support at 1864.34 aligns with a 127.20% Fibonacci Extension, marking it as a pullback support. On the other hand, the 1st resistance at 1901.80 is an overlap resistance, while the 2nd resistance at 1912.31 represents another potential barrier for upward movement.