XAUUSD H4 | Reacting off pullback resistance?

TitleXAUUSD H4 | Reacting off pullback resistance?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1885.867, which serves as a pullback resistance level aligning with the 61.8% Fibonacci retracement A reversal from this point could lead to a price drop to the 1st support at 1864.887, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1904.173, which also serves as an overlapping resistance level aligning with a 78.6% Fibonacci retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.