Title
XAUUSD H4 | Potential bullish reversal

Type
Bullish Bounce

Preference:

Price is falling to our pivot point of 1954.785 which  is an overlap support level that aligns with a 50% Fibonacci retracement, A reverse from here, price could rally to 1st resistance at 1966.088 which is a multi swing high resistance

Alternative scenario:
However if price breaks below the pivot, it could fall to 1st support at 1938.659 which is a multi swing low support

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