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.

Commento:

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.

Commento:

XAUBTC (M):

Commento:

Come on ...

Commento:

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

Commento:

RSI/D:

Commento:

XAUBTC/M:

Commento:

Here we go.

Commento:

Commento:

Bull trap or not ?

Let's see.

Commento:

Bull trap indeed.
As supposed in the OP.