Gold Futures (GC1!) H1 | Potential Bulliish Bounce

Type:

Bullish Reversal

Key Levels:

Resistance: 2,632.00

Pivot: 2,600.10

Support: 2,574.80

Preferred Case:

Looking at the H1 chart, my overall bias for gold futures (GC1!) is bullish due to the price demonstrating strong upward momentum. The price could bounce off the Pivot and rise towards the 1st Resistance at 2,632.00

Alternative Scenario:

Price may break below the Pivot at 2,600.10 and fall towards the 1st Support at 2,574.80.