Title
XAUUSD H4 | Bounced off support level?
Type
Bullish Bounce
Preference:
Price is falling at our pivot point of 1901.937 which is a multi swing low support level. A bounce off from here, price could push to 1st resistance at 1919.646 which is a swing high resistance level
Alternative scenario:
However, if price breaks below the pivot, it could fall to 1st support at at 1890.906 which is below the swing low support level
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