Gold Futures (GB1!) H4 | Falling toward the support

Type:

Bearish Reversal

Key Levels:

Resistance: 3396.1

Pivot: 3353.9

Support: 3296.2

Preferred Case:

Looking at the H4 chart, the price is rising toward the pivot and could potentially make a bearish reversal off this level before falling toward the 1st Support at 3296.2.

Alternative Scenario:

Price may break above the Pivot at 3353.9 and rise toward the 1st Resistance at 3396.1