XAUUSD H4 | Potential Bullish reversal?

TitleXAUUSD H4 | Potential Bullish reversal?TypeBullish BouncePreference:The price is declining towards our pivot point at 1931.886, which aligns with a 127.2 Fibonacci extension and 78.6% Fibonacci projection. A bounce from this level could lead the price to rally toward the 1st resistance at 1943.251Alternative scenario: However, if the price breaks below the pivot, it might decline to the 1st support at 1920.891, which represents a pullback support 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.