XAU/USD H4 I Falling to support?

The XAU/USD pair is showing bearish potential, with a significant support at 1985.14, known as an overlap support. If the price drops further, the 2nd support at 1968.63, a swing low support, may offer a defensive stance.

On the upside, the 1st resistance at 1996.02 serves as an overlap resistance, and overcoming it could be challenging. Above that, the 2nd resistance at 2006.90, which is a multi-swing high resistance, could cap the upside.

Analysis are provided by InstaForex

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