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FX.co ★ XAUUSD H4 | Reacting off resistance?

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Forex Analysis:::2023-10-12T04:38:04

XAUUSD H4 | Reacting off resistance?

XAUUSD H4 | Reacting off resistance?

XAU/USD chart shows bearish momentum, potential drop to 1st support (1863.10, pullback support) or 2nd support (1852.53, overlap support). 1st resistance (1885.08, pullback resistance, 50% Fibonacci Retracement) and 2nd resistance (1901.18, overlap resistance) indicate potential barriers to upward movements.

Analyst InstaForex
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