Title
XAUUSD H4 | Potential Bullish Reversal?

Type
Bullish Bounce

Preference:
The price is falling toward our pivot point of 1900.434, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1916.192, an overlap resistance.

Alternative scenario:
However, if the price breaks below the pivot, it might decline to the 1st support at 1888.456, also an overlap support level.

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