The XAU/USD chart has a bearish momentum with key levels to watch, including the 1st support at 1932.61 (overlap and 38.20% Fibonacci retracement), 2nd support at 1904.32 (overlap and 50% Fibonacci retracement), 1st resistance at 1946.32 (overlap resistance), and 2nd resistance at 1964.32 (another overlap resistance).
