XAGUSD H4 I Bearish Reversal
Title
XAGUSD H4 I Bearish Reversal
Type
Bearish Reversal
Preference:
The price is moving up towards the pivot level of 31.07, which acts as a pullback resistance. A reversal at this level could cause the price to drop to the 1st support at 29.66, an overlap support close to 61.80% Fibonacci retracement
Alternative Scenario:
If the price breaks above the pivot, it may rise to the 1st resistance level at 32.19, a multi swing high resistance