Title

XAUUSD  H4 | Potential  Bearish Reversal 

Type

Bearish Reversal

Preference:

The price is moving up towards the pivot level of 2757.25, which acts as a pullback resistance. A reversal at this level could cause the price to drop to 1st support at 2715.7, a multi-swing low support

Alternative Scenario:

If the price breaks above the pivot, it may rise to 1st  resistance level at 2789 a swing high resistance