Treasury Yields Test Extreme Resistance Zones, Weighing on Gold and Bitcoin

U.S. Treasury yields have reached levels last seen in 2004 and 2007, testing extreme resistance zones that could determine whether yields continue higher or experience a significant reversal.

The sharp rise in bond yields has put pressure on gold, causing it to break below its three-month uptrend and the 4,240 support level. The metal is now facing key support near 4,120, which also corresponds to the 78.6% Fibonacci retracement.

Bitcoin has pulled back from a nine-month high as daily momentum retests overbought conditions. A close below $69,000 could increase bearish risks toward the yearly lows and align with a broader risk-off move across financial markets.