Technical levels to watch
Immediate support is pegged near the $1900 mark and is closely followed by the overnight swing lows, around the $1887 region. Failure to defend the mentioned support levels might turn the XAU/USD vulnerable to accelerate the fall further towards the $1862 horizontal zone with some intermediate support near the $1880 area. On the flip side, the $1918 region now becomes immediate resistance, above which the commodity is likely to test the $1928 strong support breakpoint. The momentum could further get extended towards a multi-week-old descending trend-line hurdle near the $1936 region.