Title
XAUUSD H4 | Bearish reversal
Type
Bearish Reversal
Preference:
If price breaks above the pivot point, it could hit the 1st resistance at 2004.088.
Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 1970.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.