XAUUSD Analysis on H1 timeframe 5/6

- XAUUSD is currently experiencing a downward movement towards the support zone of 1932-1939. If reversal signals and increasing buying pressure emerge at this level, we can consider entering a BUY position. However, if the price breaks below the 1932 level, the bullish scenario would fail.

- The key resistance levels to watch for XAUUSD are at 1962-1970. Look for selling opportunities in line with the overall trend on both higher and lower timeframes. The trend is your friend.