Watch out for possible topping patterns.

٣ يناير ٢٠٢٣

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.

١٦ يناير ٢٠٢٣

ملاحظة

Still going.



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.

١٧ يناير ٢٠٢٣

ملاحظة

XAUBTC (M):

٢٠ يناير ٢٠٢٣

ملاحظة

Come on ...

٢ فبراير ٢٠٢٣

ملاحظة

Still going, but TD count 13 on Weekly and starting to show a bearish divergence.

٢ فبراير ٢٠٢٣

ملاحظة

RSI/D:

٢ فبراير ٢٠٢٣

ملاحظة

XAUBTC/M:

٣ فبراير ٢٠٢٣

ملاحظة

Here we go.

٣ فبراير ٢٠٢٣

ملاحظة

٧ فبراير ٢٠٢٣

ملاحظة

Bull trap or not ?


Let's see.

٢٤ فبراير ٢٠٢٣

ملاحظة

Bull trap indeed.
As supposed in the OP.