Title
XAUUSD H4 | Bullish Continuation
Type
Bullish Bounce
Preference:
Price is nearing our pivot at 2010.449 which is a pullback support level. a reverse from here, price could push up to 1st resistance at 2031.835 which is a pullback resistance level.
Alternative scenario:
However, if it breaks it could continue to fall to 1st support at 1976.628 which is a multi swing low support level.
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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.