Can Monero ever be traced?

As a cryptocurrency enthusiast, I'm curious about the privacy and anonymity features of Monero. Given its reputation for being untraceable, I have to ask - can Monero transactions ever truly be traced, even by the most advanced tracking techniques? Are there any vulnerabilities in its privacy mechanisms that could potentially reveal user identities or transaction details? And if so, what measures can users take to further safeguard their privacy and ensure that their Monero transactions remain untraceable?