Gold pulled back at the start of the week as geopolitical tensions eased and the focus shifted to US economic data and earnings reports. The yellow metal defied gravity in recent weeks, clinging to gains despite rising yields and a strengthening dollar. Technically, gold remains overbought, but a breakdown in support levels could signal a potential trend reversal.
Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses.
Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance.
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone.