Title
XAUUSD H4 | Falling to support?

Type
Bearish Reversal

Preference:

Price has just reacted off our pivot point of 1946.23, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1932.79, an overlap support level

Alternative scenario:

However, if the price breaks above the pivot, it might rise to the 1st resistance at 1956.11, which serves as a pullback resistance level

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