XAUUSD H4 I Reacting off resistance level?

TitleXAUUSD H4 I Reacting off resistance level?TypeBearish ReversalPreference:The price is rising toward the pivot point in 1928-1930, which aligns with the 50% Fibo retracement level. A reverse from this level could lead the price to fall the 1st support at 1915.428, which is an overlap supportAlternative scenario:However, if the price breaks aboveĀ  the pivot, it might rise to the 1st resistance at 1940To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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