Gold Dives Below Three-Month Trend as Bitcoin Pulls Back from Nine-Month High

The price of gold has fallen below its three-month uptrend, while Bitcoin's recent surge is showing signs of a pullback. The sharp rise in U.S. bond yields, which have reached levels last seen in 2004 and 2007, is putting pressure on both assets.

U.S. 10-year and 30-year bond yields are currently testing resistance zones at 5.30% and 5.60%, respectively, which could determine whether yields continue higher or experience a significant reversal.

The Treasury yield charts show overbought weekly momentum risks dating back to 2022-2023 on both charts. The direction of these levels remains critical for market risk sentiment and precious-metals trends.