The XAUUSD chart is bullish. A potential scenario suggests a bearish reaction at the 1st resistance, causing a short-term drop to the 1st support (1885.57, a multi-swing low) before rising again. The 1st resistance at 1901.87 aligns with a 23.60% Fibonacci Retracement and is an overlap resistance, as is the 2nd resistance at 1913.19. This supports a possible bearish reaction within the broader bullish trend.
