Short-term interest, the request of the time!

-In times of high interest rates, protective assets tend to drop a little, as nothing could be fairer than putting our rich money into something that earns us at least 4% y.y for 12 months without much risk, if the trend of global economies and shrinkage.

-The monthly chart showed us a nice bullish pivot after the formation of a bottom at $1617, and this pivot would have the FIBONACCI gold region ($2060) as its destination, however, with a little help from the FED, it decided to take a breather.

-From the weekly chart, if the protection asset does not want to lose its medium-term uptrend, it cannot lose the $1741 region, since the loss of the region will lead the asset's price to want to seek the $1700 region as a destination more plausible for the current moment.

-The daily chart shows us this moment of correction, where, according to the SETUP used, prices tend to seek the range of $1754, testing the long average of that chart period.