Title
XAUUSD H4 | Potential bullish breakout

Type
Bullish Breakout

Preference:
Price is approaching the pivot point of 1966.738 and could potentially move higher from here; we could see momentum carry price up to its 1st resistance of 1986.511. Wait for price to break through the pivot point first and then pull back before bouncing higher.

Alternative scenario:
If price reverses from the pivot point, it could hit the 1st support of 1942.77.

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