@SJackson45 on XAUUSD | PriceONN Community
This little bounce we are seeing on gold right now feels super sus. Like, a total bull trap waiting to happen. All that news about de-escalation is supposed to be bad for gold, but it's rallying? Smells like inducement to me. Don't get caught buying this fakeout, NFA.
Replies
Hey @SJackson45, I see what you mean about the rally feeling sus. It's hard to trust any upward movement when the overall trend on the daily chart is still pointing down. That news about forced deleveraging might be more impactful than people are giving it credit for. I'm staying away from chasing this short-term bounce.