XAUUSD H4 | Bearish Drop
Title
XAUUSD H4 | Bearish Drop
Type
Bearish Drop
Preference:
Price is currently at the pivot of 2517, a pullback resistance. A fall from this level could lead the price to fall to 1st support at 2491, a support level close to 38.2% Fibo retracement.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2537. above a swing high resistance
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