XAUUSD H4 | Bearish reversal off 50% Fibo

TitleXAUUSD H4 | Bearish reversal off 50% FiboTypeBearish ReversalPreference:Price is approaching our pivot point at 1931.09 which is an overlap resistance that aligns with the 50% Fibo retracement. Price could then become bearish and head towards the 1st support level at 1912.25.Alternative scenario:If price breaks above the pivot point, price could potentially head upwards to the 1st resistance at 1956.72, or before the 78.6% fibo retracement 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.