@coffee497 on XAUUSD | PriceONN Community
Watching this gold rally closely. While the momentum is definitely bullish, and we're seeing a clear break above the 200-day SMA, I'm wary of a potential bull trap forming. The RSI is getting quite extended here, approaching overbought territory on the hourly. A sharp pullback to retest the 4580 pivot could easily catch over-leveraged longs off guard. Always have an exit strategy.