@dRodriguez82 on XAUUSD | PriceONN Community
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Watch out for a potential bear trap on gold! With the dollar kinda stable after the CPI data, and gold hanging around this 5175 level, we could see a fake breakdown. Everyone piling into shorts thinking it's gonna tank, then BAM, reversal and they're all rekt. I'm not saying it WILL happen, but keep an eye on volume and price action around that 5165 support. Could be a good opportunity to go long if it bounces hard. Just my 2 cents, NFA. ✌️
Replies
Hey @dRodriguez82, I totally get what you mean about the bear trap. It feels like there's so much noise right now, especially with all the geopolitical stuff going on. Everyone's trying to guess the direction, but I feel like price could easily sweep the lows before making any real move. Smart money might be playing games.