Title

XAUUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

Price is rising toward the pivot of 2506, a pullback resistance close to 50% Fibo retraceement. A reverse from this level could lead the price to fall to 1st support at 2473, an overlap support 

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 2526. a multi swing high resistance