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

XAU/USD shows bullish momentum, indicating a potential bounce from the 1st support at 1865.32, a historically reliable level. The 2nd support at 1852.53 strengthens this zone. On the flip side, the 1st resistance at 1885.08, near the 50% Fibonacci Retracement, may pose a substantial challenge, followed by the 2nd resistance at 1901.18, serving as a formidable barrier.