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Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Gold extended its daily uptrend and reached a new record-high above $2,760 in the American session on Tuesday. The US Dollar stays under modest bearish pressure following the dismal employment-related data, fuelling XAU/USD's rally.

Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum.

Following Wednesday's sharp correction, Gold regains its traction and trades in positive territory above $2,730 on Thursday. The benchmark 10-year US Treasury bond yield retreats following a three-day climb, allowing XAU/USD to stretch higher.

Gold price retreats from the all-time-high it set near $2,560 earlier in the day and trades slightly below $2,720. Rising US Treasury bond yields and the unabated US Dollar (USD) strength makes it difficult for XAU/USD to hold its ground midweek.

Bitcoin continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds recording over $297 million in inflows.

XAUUSD continues its uptrend and trades near the record-high it set at $2,740 as the conflict in the Middle East remains unabated, while markets assess the changing outlook for global interest rates. Technically, XAU/USD trends higher as a multi-time-frame uptrend extends.

XAUUSD is rising in a steady uptrend on all time frames (short, medium and long) and after breaching the $2,700 mark it is now on its way to the next target at $2,750. The Relative Strength Index (RSI) is overbought, however, advising long-holders not to add to their positions because of an increased risk of a pullback. Should RSI close back in neutral territory, it will be a sign for long-holders to close their positions and open shorts as a deeper correction may evolve. Support lies at $2,700 (key level) and $2,685 (September high).

XAUUSD Gold price scales higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and climbs toward the all-time-high it set at $2,685 in late September

Gold clings to small gains above $2,650 on Tuesday after closing the first day of the week virtually unchanged. Growing signs of an economic downturn in the Chinese economy makes it difficult for XAU/USD to gather recovery momentum.Gold now sell 2668Support 2640Gold confirm sellGold Sell 50 pips running