Will Gold go bearish in the short-term with crypto rush?

This chart suggests a short-term bearish outlook for gold, with a potential breakdown targeting $2,665 and $2,536, unless it breaks above $2,790 to resume its uptrend. In the short- and medium-term, gold could face heightened competition from a crypto-rush, fueled by a crypto-favorable stance from the new administration in Washington, potentially accelerating digital asset adoption as an alternative store of value.