Gold bearish

U.S. federal funds futures rose sharply as the market ruled out a 50 basis point rate hike in March and lowered expectations for a rate hike by the U.S. central bank in 2022. This led to an explosion of $8 in gold at the opening

There will be fewer rate hikes in March. I personally expect rate hikes to still happen. Gold will remain bearish. From the technical indicators, gold has also begun to fall