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FX.co ★ XAUUSD H4 | Falling to support level?

XAUUSD H4 | Falling to support level?

XAUUSD H4 | Falling to support level?

The XAU/USD chart displays a bearish trend, potentially moving towards the 1st support at 1915.81, which aligns with the 61.80% Fibonacci Retracement. The 2nd support is at 1901.57, noted as an overlap support. On the resistance side, the primary level is at 1937.84, with the 2nd resistance at 1946.07, both emphasizing their importance. There's also an intermediate resistance at 1028.18 to watch.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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