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

The XAU/USD (Gold/US Dollar) chart shows a bullish momentum, suggesting an upward trend. The price has the potential to continue rising towards the first resistance level. There are two support levels, with the first at 1952.65 as an overlap support and the second at 1937.01 as a multi-swing low support. On the upside, there is a first resistance at 1981.70, identified as an overlap resistance, and a second resistance at 1999.41, acting as a pullback resistance. An intermediate resistance at 1967.23, coinciding with the 61.80% Fibonacci retracement level, adds to its significance.