XAU/USD Day I Potential bearish reversal?

TitleXAU/USD Day I Potential bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 2051.08, which serves as a multi-swing resistance level that aligns with the 61.8% FIbo projection and the 161.8% Fibo extension.A reverse from this point could lead the price to fall to the 1st support at 2022.28, a pullback support.t.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 2073.37, above the swing high resistance level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.