Gold has been respecting this range for a very long time now, and currently we are at its extreme zone, low risk buy.
Range that we should be keen of. Nothing more, just simple math.
BTC did this, last pattern, will likely happen again. No big drop will happen unless it will go up first. That's just how BTC works, unless some fundamental will disrupt this pattern.
Gold is currently bearish, might visit 1690. SL 1765.
Central banks around the world are rapidly raising interest rates, while at the same time the US fed is showing hints that it will slow down interest rate hikes. This means that USD will be less valuable since there are more and more currencies that offers more than the dollar.
Gold will most probably follow its cup and handle pattern, but be wary, it can go down to 1840 or further, before in goes up again flushing investors. Have a good day.
Nasdaq still has long way to go down, BTC at 28k is most probable. Sentiment-wise people are currently in denial that it will reverse at 42k (which it didn't), now at 38k, but if it will not, it will go down like their is no tomorrow.