The XAU/USD chart shows bullish momentum, with potential for further upward movement. The first support level at 1935.46, coinciding with the 50% Fibonacci retracement, is significant for buyers. The second support at 1859.67, aligned with the 78.60% Fibonacci retracement, acts as a strong price floor. The first resistance at 1976.91, an overlap resistance, may impede upward movement. The second resistance at 2066.35 poses another significant barrier to upward price movement.
