TitleXAUUSD H4 | Running into resistanceTypeBearish ReversalPreference:Price could approach the pivot point of 1984.248 and potentially reverse from here; we could see momentum carry price down to its 1st support of 1955.166.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 2004.008.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
What's Your Reaction?