Title
XAGUSD H1 | Potential Bullish Bounce

Type
Bullish Bounce

Preference:
Price could fall towards the pivot point of 29.82 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 30.14 which is a pullback resistance level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 29.66 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.

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