elmejor

At nine in the morning, I opened the market as usual.
In the gold section, the red numbers 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 its historical peak of $5,600 in January, officially entering a technical bear market.
My first reaction wasn't to study gold, but to immediately check my BTC positions.
Because I remember the last time gold had issues, BTC took a hit too.

Looking back at history, that 'last time' happened in 2022.
At that time, the Fed aggressively hiked rates, the dollar index surged past 114, gold plummeted from $2,070 to $1,620, a drop of 22%. BTC fell 75% that year, crashing from $47,000 to $16,000.