XAUUSD H4 | Bullish bounce off pivot?

TitleXAUUSD H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price could potentially bounce off the pivot point at 1903.45, and head towards the 1st resistance at 1912.38, which is at the 50% fibo retracement level. Furthermore, there is also a bullish divergence happening, which could mean that there is potential for price to have a bullish reversal to the upside.Alternative scenario:If price falls or the body of the H4 candle closes below the pivot point, then price could fall to the 1st support at 1893.09.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.