Title
XAUUSD H4 I Bearish Drop

Type
Bearish Drop

Preference:
Price is currently at the pivot of 2448.96, a pullback resistance. A fall from this level could lead the price to fall to 1st support at 2422.77, an overlap support.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2475.78. a swing high resistance

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