XAUUSD H4 | Bearish Reversal
Title
XAUUSD H4 | Bearish Reversal
Type
Bullish Bounce
Preference:
price has just bounced off to the pivot of 2585.50, a pullback resistancet. A fall from this level could lead the price to drop to 1st support at 2529.35, a pullback support.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2597.65, lines up with the 161.8% Fibonacci Extension