The XAU/USD pair is currently demonstrating bearish tendencies. Key support levels are identified at 1932.03 and 1913.98, both being overlap supports and historical points of buying activity. This could potentially slow down or even reverse the bearish trend. On the contrary, resistance levels are set at 1981.36 (a multi-swing high resistance) and 1999.41 (an overlap resistance), which may hinder any upward price movements due to their past roles as points of selling pressure. An additional intermediate resistance at 1969.68, recognized as a swing high resistance, could pose a further barrier to price increase.
