XAUUSD H4 I Bearish Drop

Title
XAUUSD H4 I Bearish Drop

Type
Bearish Drop

Preference:
Price is currently at the pivot point of 2004.6, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at 1994.25, a pullback support

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 2020. a pullback resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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XAUUSD H4 I Bearish Drop

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