XAUUSD H1 | Falling from Fibo  61.8?

TitleXAUUSD H1 | Falling from Fibo  61.8?TypeBearish ReversalPreference:Price has just reacted off our pivot point 1946.06, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1938.121, an overlap support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.27241, which is an overlap 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.