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Bitcoin vs Gold: BTC eyes short-term recovery, XAU slides as Iran denies planned talks with US
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FXStreet Forex & Commodities News
The cryptocurrency market shows broad signs of recovery, with Bitcoin (BTC) edging higher above $63,000 on Monday.
Meanwhile, Gold (XAU) remains structurally weak, trading around the crucial $4,000 level.
The 50 EMA at $63,679, together with the 100 EMA at $63,929 and the 200 EMA at $64,085, all sit overhead and suggest the recovery is still capped within a broader corrective phase.
Until then, lack of clearly defined nearby support in the dataset leaves BTC vulnerable to further downside probes if momentum falters again under these caps.
XAU/USDT 4-hour chartOn the topside, immediate resistance lies at the 50 EMA near $4,061, followed by the 100 EMA at $4,069.