FX.co ★ XAUUSD Day | Bearish Continuation Expected?

The XAU/USD chart exhibits a bearish trend, influenced by its position below the bearish Ichimoku cloud and a descending trend line. A short-term rise towards the 1st resistance at 1942.40 is possible before a potential decline to the 1st support at 1892.36, an overlap support. Resistance levels include 1942.40 and 1979.68, both marked as overlap resistances