Is XMR still untraceable?

Could you please elaborate on the current status of XMR's privacy features? I'm interested to know if XMR remains untraceable in today's cryptographic landscape. Given the advancements in blockchain analysis and surveillance techniques, does XMR still offer a robust level of anonymity for its users? Additionally, how does XMR compare to other privacy-focused cryptocurrencies in terms of its ability to conceal transactions and protect user identities? I'm keen to understand the nuances and technicalities surrounding XMR's privacy characteristics. Thank you.