Interesting weekly price structure on Gold.The monthly and quarterly are even overextended to the upside.I do believe that we've seen a ton of upside on the markets and that the upside is skewed. Would rather protect and hedge at these prices, as a correction to $3,600-3,700 is still completely fine for this asset.Additionally, consolidation = great for risk-on assets, probably we'll see a strong move in the crypto markets. ...

Investors piled back into risk-on assets on Wednesday, which gave digital tokens some much-needed support. ...

Market Sentiment - Markets reacted negatively to Powell's hawkish tone [1] - Markets are fundamentally about valuing risks [1] - A progressive business cycle favors a shift into risk-on assets [1] - Crypto is expected to benefit the most from this shift [1] Asset Performance - Bitcoin is recovering [2] - Altcoins are showing stronger performance relative to Bitcoin (OTHERS/BTC is up) [2] - Gold is down, indicating a risk-on environment [1][2] - Gold is down 10%, suggesting a progressive period for the business cycle [1] - Nasdaq is up [2]