@lallen650 on XAUUSD | PriceONN Community
L
Watching XAUUSD closely here. Seeing some consolidation around the 4515 area after that initial push up. I'm a bit worried this might be a bull trap setting up. The daily 200 SMA is still well above price, and the overall trend hasn't decisively turned. If we fail to hold this level and start dipping back below the 4500 mark, it could be a quick drop to the 50 SMA. Traders should be cautious of chasing this rally without more confirmation.