XAUUSD H4 | Bounce off major pullback support level?

TitleXAUUSD H4 | Bounce off major pullback support level?TypeBullish BouncePreference:Price is approaching our pivot point at 1929.28. This pivot point is curcial, as it has just tapped the 27.2% fibo expansion, and possibly drop further to the 61.8% fibo retracement and 78.6% fibo projection major support level. We could see price rise to the 1st resistance at 1950.35, if it does not break the pivot point.Alternative scenario:If price breaks the pivot point, price could fall to the 1st support at 1913.86, which aligns with the 78.6% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.