GC Gold futures (Daily Chart)

I'm going out on a limb here before FED minutes today, but here is a daily chart analysis of gold in USD:

Gold is typically seasonal, selling in late first or second quarter until third or fourth quarter. Despite recent selling, gold has held remarkably well in light of a hawkish FED.

The good news:
Gold has bounced off its rising 200 day EMA (red moving average line) which has been good support. I expect some churning in this area (1900-1950) until fall/winter when seasonality becomes bullish -- the bottom dashed line is near a prior pivot swing (circle), and a key Gann level. and the top dashed line is a key Gann line and a key volume level.

The bad news:
Gold sits below its ichimoku cloud, which is potential resistance. 2K area is near a prior all time high and potential resistance.

Overall Assessment: I don't expect a low below the low 1900's (bottom dashed line). I do expect new highs, most likely in 2024. But new highs are contingent on macro environment of deteriorating economy ( banking, real estate defaults, global recession) and/or relaxed rate environment and effective monetary easing. Of course any black swan (which is unpredictable) can launch a new high.