Title

XAUUSD  M15 | Bearish Reversal 

Type

Bearish  Reversal 

Preference:

The price is moving up towards the pivot level of 2681, which acts as a pullback resistanc. A reversal at this level could cause the price to drop to 1st support at 2668.94, an overlap support.

 Alternative Scenario: 

If the price breaks above the pivot, it may rise to 1st resistance level at 2690, which aligns with 127.2% Fibonacci extension