XAUUSD H4 | Potential bearish breakout


Title
XAUUSD H4 | Potential bearish breakout

Type
Bearish Breakout

Preference:
XAUUSD could break out of the pivot at 2064.042, the multi-swing low support, and could fall to the 1st support at 2037.288, the overlap support level.

Alternative scenario:

The price could potentially rise to the 1st resistance at 2090.795, the swing-high resistance level.

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Past performance is not indicative of future results.

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