Title
XAUUSD H4 | Potential Bearish reversal?

Type
Bearish Reversal

Preference:
The price is rising toward our pivot point of 1954, which serves as an overlap resistance. A reversal from this point could lead to a price drop to the 1st support at 1933, a pullback support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 1954 which also serves as a swing high resistance level.

It’s worth noting that the RSI is also displaying bearish divergence versus price, suggesting the possibility of a reversal occurring soon.

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