Gold daily forming a bull trap?

1 Şub 2023

Buyers rushing back in because of the wick yesterday, and closing above the trendline suggesting upward momentum intact. But watch out. Could drop sharply for the rest of the week as momentum shifts negative and the buyers rush to sell in order to cover their mistake. But lets see.

1 Şub 2023

Not

Other top indicators: Gold demand is the highest it has been in 11 years.
Federal interest rates are about to hit 5% maybe more!
Recession/depression is also likely coming imo, it happens when you go from 0% interest and trillions in dollars of stimulus, to just stop overnight. But lets see.