Title

XAUUSD M15 I  Bearish Drop

Type

Bearish Drop

Preference:

price is currently at the pivot of 2661, a pullback support. A drop from this level could lead the price to fall to 1st support at 2648, an overlap support close to the 61.8% Fibonacci retracement.

 Alternative Scenario:

If the price bounces off the pivot, it could rise to 1st resistance at 2673.47, a swing-high resistance level.