XAUUSD H4 | Resistance overhead

Title
XAUUSD H4 | Resistance overhead

Type
Bearish Reversal

Preference:
Price is approaching our pivot level of 2032.237 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1981.694.

Alternative scenario:
If price breaks above the pivot level, it could hit the 1st resistance of 2045.439.

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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XAUUSD H4 | Resistance overhead

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