FX.co ★ Gold (XAU/USD) H4 | Neutral bias

The Gold (XAU/USD) chart analysis suggests a neutral bias with the following key resistance and support levels:

Resistance Levels:

The 1st resistance level at 2,038.87 is identified as an "Overlap resistance". This level represents a significant barrier for upward price movement.

The 2nd resistance level at 2,058.86 is also described as an "Overlap resistance", indicating another critical resistance zone.

Support Levels:

The 1st support level at 2,004.31 is noted as a "Pullback support". It represents a key support level where buyers may provide some stabilization.

The 2nd support level at 1,976.68 is described as a "Swing-low support", serving as additional support below the first level.