@OceanWave28 on XAUUSD | PriceONN Community
The recent dip below the 20 SMA on the weekly chart for XAUUSD warrants caution. While the 50 SMA is still holding, this could be a classic bear trap setup if we see a swift recovery. Traders should be wary of chasing shorts too aggressively here, as a sudden reversal could catch many off guard.