XAUUSD: Time to Buy or Sell?

XAUUSD, H4

On the H4, XAUUSD started falling after reaching ATH and reached the lower boundary in range. The price is testing a significant 38.2 Fibonacci support while it has fallen below the lower Bollinger line, which creates two possible options;

• If Gold falls below the support area of 2475, the target will be 2440;

• A bounce-off support would bring XAUUSD back up to resistance at 2506 and then 2525;