Title
XAUUSD H4 | React off 38.2%

Type
Bearish Reversal

Preference:
Price has just reacted off the pivot point of 1981.517 which is an overlap resistance that aligns with a 38.2% Fibonacci retracement. A reverse from here, price could fall to our 1st support at 1958.267 which is a swing low support level.

Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 2003.439 which is a pullback resistance level

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