FX.co ★ XAUUSD Day | Bouncing off Support?

The XAU/USD chart currently exhibits a bullish overall momentum, implying potential upward movement towards the 1st resistance. The 1st support at 1981.79, an overlap support, may attract buying interest, while the 2nd support at 1945.66, characterized as a pullback support, reinforces its significance. On the resistance side, the 1st resistance at 2047.23 is a multi-swing high resistance, suggesting it may act as a level where selling pressure could emerge