XAUUSD H1 | Bearish Breakout
Title
XAUUSD H1 | Bearish Breakout
Type
Bearish Breakout
Preference:
pWaiitg for price to pullback to the pivot of 2618.17. A drop from this level could lead the price to fall to 1st support at 2600.22, A pullback support close to the 38.2% Fibonacci retracement.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2631.06, a swing-high resistance