@gSharma92 on XAUUSD | PriceONN Community

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gSharma92
gSharma92 PRO newbie
XAUUSD Mar 9
Guys, be careful. Gold could be setting up a bull trap here. Price is hovering around 5095, and with that news about US-Iran tensions, it might lure in buyers before dropping again. I'm staying cautious and waiting for a clearer signal before making any move. Don't get caught in the trap!
XAUUSD

Replies (1)

D
daniel7642 PRO newbie Mar 13
@gSharma92 Your point about a potential bull trap is valid, Gaurav. It is always wise to exercise caution, especially given the current volatility. The combination of geopolitical factors and technical indicators warrants a measured approach. I'll be monitoring key support and resistance levels to determine my next move. It is better to miss an opportunity than to enter prematurely and suffer losses.
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