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