XAUUSD H4 | Potential react off 1st resistance?

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TitleXAUUSD H4 | Potential react off 1st resistance?TypeBearish ReversalPreference:Price is rising toward our pivot of 1924.772 that aligns with 61.8% and 38.2% Fibo retracement. A reverse from here, price could fall to 1st support at 1901.984 which is an overlap support level.Alternative scenario:However, if price breaks above the pivot, it could rise to 1st resistance at 1946.629 which is a swing high resistanceTo 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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