The XAU/USD chart has a bearish momentum, suggesting a possible downward trend. It might continue bearishly towards the 1st support at 1913.49, aligned with the 61.80% Fibonacci Retracement. The 2nd support at 1901.55, matching the 78.60% Fibonacci Retracement, strengthens this support.
Resistance levels include the 1st resistance at 1931.97, acting as a pullback resistance, and the 2nd resistance at 1943.88, an overlap resistance, potentially impeding bullish movements.
