The XAU/USD chart currently exhibits bearish momentum, indicating the potential for further downward movement. In the short term, there is a possibility of a bearish reaction off the first resistance level at 105.65, which is identified as an overlap resistance. This level could act as a price ceiling and trigger a drop towards the first support. The first support level at 103.43 is recognized as a pullback support, suggesting it could provide a price floor and support any potential declines. Additionally, there is a second support level at 100.80, identified as a multi-swing low support, further reinforcing its ... (full story)