Watch out for possible topping patterns.

Jan 3, 2023

Spot Gold on W: TD count 9, top of bollinger band, though RSI not oversold yet and MACD still rising.

It may have a few weeks to go, but from here onwards i would carefully watch for topping patterns formations.
Watch DXY as well.

Jan 16, 2023

Note

Still going.



Despite that it starts smelling like a trap.
TD count 10 on W, 12 on D.

Would keep an eye on that rising support on RSI.
Once it's broken price is pretty likely to pivot.

Jan 17, 2023

Note

XAUBTC (M):

Jan 20, 2023

Note

Come on ...

Feb 2, 2023

Note

Still going, but TD count 13 on Weekly and starting to show a bearish divergence.

Feb 2, 2023

Note

RSI/D:

Feb 2, 2023

Note

XAUBTC/M:

Feb 3, 2023

Note

Here we go.

Feb 3, 2023

Note

Feb 7, 2023

Note

Bull trap or not ?


Let's see.

Feb 24, 2023

Note

Bull trap indeed.
As supposed in the OP.