Title

XAUUSD H1  | Bullish Rise 

Type

Bullish Rise

Preference:

The price is falling toward the pivot level of 2624.84, which acts as a pullback support close to 61.8% Fibonacci retracement. A reversal at this level could cause the price to rise to the 1st  resistance at 2645.60, a pullback resistance.

Alternative Scenario:

 If the price breaks below the pivot, it may drop to the 1st support level at 2600.48, a pullback support level close to 61.8% Fibonacci retracement.