Title

XAUUSD M15 I  Bearish Drop

Type

Bearish Drop

Preference:

price is rising toward the pivot of 2657, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 12645, a pullback support close to the 78.6% Fibonacci retracement.

 Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 2665.852, a pullback resistance