GC1!, H4 | Potential Bullish Continuation

40451 gc1 h4 potential bullish continuation

Type: Bullish BounceKey Levels:Resistance: 1903.2 Pivot: 1867.7Support: 1829.8Preferred Case:On the H4, with MACD moving in a bullish momentum, we have a bullish bias that price will rise from our pivot at 1867.7 where the horizontal pullback resistance is to our 1st resistance at 1903.2 where the horizontal swing high resistance, 100% fibonacci projection and 50% fibonacci retracement are.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1829.8 in line with swing low support.

Source: Tickmill

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