XAUUSD H4 | Bearish Reversal
Title
XAUUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 2526.3, a swing-high resistance close to 127.2% Fibo extension. A drop from this level could lead the price to fall to 1st support at 2513.21, an overlap support.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2531.98, a swing-high resistance