XAUUSD H4 I Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2370, which is an overlap resistance close to 38.2% Fibo retracement
Our take profit will be at 2306, an overlap support level.
The stop loss will be placed at 2431, an overlap resistance level.
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After analyzing the H4 chart, it appears that the price is increasing and moving closer to reaching our sell entry at 0.8822. This particular entry point is a pullback resistance level that coincides with a 61.8% Fibo retracement.
We plan to set our take profit at 0.8767, which is a multi-swing low support level. As for the stop loss, we will place it at 0.8877, which is a swing-high resistance level.
