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Title
XAUUSD H4 I Potential Bearish Reversal?
Type
Bullish Bounce
Preference:
Price has just bounced off our pivot point of 1910.321 which is an overlap support that aligns with the 127.2% Fibo extension. A bounce off from here, price could push to 1st resistance at 1919.214 which is just below the 61.8% Fibo retracement.
Alternative scenario:
However, if price breaks below the pivot, it could fall to 1st support at 1895.619 which is a swing low support leve.
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