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XAUUSD, H4 Potential For Bullish Rise

41174 xauusd h4 potential for bullish rise

Type: Bullish RiseKey Levels:Resistance: 1916.681Pivot: 1842.696Support: 1808.346Preferred Case:On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our pivot at 1842.696 in line with the 100% fibonacci projection to 1st resistance at 1916.681 in line with the 61.8% fibonacci retracement and swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and drop to the 1st support at 1808.0346 where the swing low support and 61.8% fibonacci projection are.Fundamentals:No major news

Source: Tickmill

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