Title
XAUUSD H4 | Bearish Reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot of 2390, a pullback resistance close to 38.2% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 2458.57, a pullback support level.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2527. a swing high resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.