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大嗯BNB-6月末必须毕业
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Gold just broke below the 200-day moving average, I'm staring at my holdings, suddenly feeling a bit anxious.
At 9 AM, I opened the market as usual.
Looking at the gold column, the red number stunned me for a few seconds: $4,289, breaking below the 200-day moving average.
This is the first time gold has closed below the 200-day moving average since October 2023, down over 20% from the historical high of $5,600 in January, officially entering a technical bear market.
My first reaction wasn't to research gold, but to immediately check my BTC position.
Because I remember the last time gold had a problem, BTC took a hit too.
I dug into history, and that 'last time' happened in 2022.
At that time, the Fed aggressively hiked rates, the dollar index broke 114, and gold plummeted from $2,070 to $1,620, a drop of 22%. BTC that year fell 75%, crashing from $47,000 to $16,000.
Looking at the gold column, the red number stunned me for a few seconds: $4,289, breaking below the 200-day moving average.
This is the first time gold has closed below the 200-day moving average since October 2023, down over 20% from the historical high of $5,600 in January, officially entering a technical bear market.
My first reaction wasn't to research gold, but to immediately check my BTC position.
Because I remember the last time gold had a problem, BTC took a hit too.
I dug into history, and that 'last time' happened in 2022.
At that time, the Fed aggressively hiked rates, the dollar index broke 114, and gold plummeted from $2,070 to $1,620, a drop of 22%. BTC that year fell 75%, crashing from $47,000 to $16,000.
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