Title
XAUUSD H4 | Bullish Bounce
Type
Bullish Bounce
Preference:
Price has just bounced the pivot point of 2015, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at 2029, an overlap resistance
Alternative scenario:
If price breaks below the pivot, it could fall to 1st support at 2006, an overlap support level
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Source: Tickmill