Title
XAUUSD H4 | Bullish Bounce

Type
Bullish Bounce

Preference:
Price is falling toward the pivot of 2421.89, an overlap support close to 61.8% Fibo retracement. A bounce from this level could lead the price to fall to 1st resistance at 2473.08, a swing high resistance

Alternative scenario:
If price breaks below the pivot, it could rise to 1st support at 2399, a pullback support close to 78.6% Fibo retracement.

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