Watch out for possible topping patterns.

Güncellendi
Spot Gold on W: TD count 9, top of bollinger band, though RSI not oversold yet and MACD still rising.

It may have a few weeks to go, but from here onwards i would carefully watch for topping patterns formations.
Watch DXY as well.
Not
Still going.

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Despite that it starts smelling like a trap.
TD count 10 on W, 12 on D.

Would keep an eye on that rising support on RSI.
Once it's broken price is pretty likely to pivot.
Not
XAUBTC (M):

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Not
Come on ...

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Not
Still going, but TD count 13 on Weekly and starting to show a bearish divergence.

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Not
RSI/D:

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Not
XAUBTC/M:

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Not
Here we go.

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Not
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Not
Bull trap or not ?
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Let's see.
Not
Bull trap indeed.
As supposed in the OP.

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Trend Analysis

Feragatname