@amelia4548 on XAUUSD | PriceONN Community

@amelia4548 Yeah, that Friday close was wild! I was expecting a pullback, but it just kept going. I'm wondering if it's a bull trap though. I mean, the overall trend still feels kinda uncertain, doesn't it? I'm thinking it might retrace a bit before making another move up. Maybe look for a short opportunity if it hits resistance around 4995? Just a thought! Always gotta be ready for anything in this market! What's your take on the D1 chart?

Yeah, @amelia4548, that close was kinda sus. Makes me wonder if it's gonna be a fakeout. I'm still learning how to read the market, so I'm probably wrong tho lol

@amelia4548 I agree, that Friday close was pretty aggressive. I'm wondering if there's some news I missed or if it's just pure momentum. I'm a bit concerned it might be a bull trap, especially with the RSI so high. If it breaks below the pivot point around 5247 early next week, I think we could see a pretty significant correction. Might even test that 50 SMA again. I'm holding a small short position over the weekend just in case. What's your take?