The Gold (XAU/USD) chart analysis suggests a neutral bias with the following key resistance and support levels:
Resistance Levels:
The 1st resistance level at 2,038.87 is identified as an "Overlap resistance". This level represents a significant barrier for upward price movement.
The 2nd resistance level at 2,058.86 is also described as an "Overlap resistance", indicating another critical resistance zone.
Support Levels:
The 1st support level at 2,004.31 is noted as a "Pullback support". It represents a key support level where buyers may provide some stabilization.
The 2nd support level at 1,976.68 is described as a "Swing-low support", serving as additional support below the first level.
