Updated

Watch out for possible topping patterns.

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.

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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.

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XAUBTC (M):

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Come on ...

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

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RSI/D:

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XAUBTC/M:

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Here we go.

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Bull trap or not ?

Let's see.

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Bull trap indeed.
As supposed in the OP.

f-73

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f-73