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13.10.2023 05:37 AM
XAUUSD H4 | Falling to support level?

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XAU/USD shows bullish momentum, indicating a potential bounce from the 1st support at 1865.32, a historically reliable level. The 2nd support at 1852.53 strengthens this zone. On the flip side, the 1st resistance at 1885.08, near the 50% Fibonacci Retracement, may pose a substantial challenge, followed by the 2nd resistance at 1901.18, serving as a formidable barrier.

Dean Leo,
Analytical expert of InstaForex
© 2007-2025
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