-First, let's start with the technical side of this matter, and highlight the fact that there is a cup and handle structure formed upon GOLD.
-Second, let's talk about how Russia is thinking about buying more gold, simple logic, demand-supply!
-Third, Fear! It is high and it is deteriorating the market while appreciating the value of gold.
-Fourth, uncertainty, war is here, it will be here for a while, stocks are uncertain, they fail to rise, so what else to buy other than GOLD.
-Oh yeah, BTC is rising as Russians are blocked or have their assets frozen, of course, BTC will go up guess what all these oligarchs and Russian politicians are using right now. But it is more of a temporary catalyst rather than a long-term. Gold still stands more stable.