GOLD

Hello Amigos

Today I Analysed XAUUSD

Weekly Timeframe:

-Hammer formed at the and of the week
(Representing: bullish pressure for the next weeks)
(change in momentum & bullish reversal signal)

Daily and 4h Timeframe

-Couple Spinning Tops where build which means buy momentum is going to exaust and changes bearish in this scenario.
-We are currently now in a Retracement Zone (SELL)
-Looking for a short term short to create an HL

tp1 at 1596.45
tp2 at 1584.50

if price comes to tp2 im looking for a buy too retest the last previos HIGH

which means tp2 can be the entry zone for a bullish swing


I know that know like corona etc can manipulate this Price Action Analyse

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