Bitcoin (BTC) breached a rising support trendline against gold (XAU), which has been intact for over 12 years, on March 14.

The Commodity Futures Trading Commission's (CFTC) weekly Commitments of Traders (COT) report provides a breakdown of the net positions for ... on the prior Tuesday. Gold Prices Drift Lower ...

Regardless, indications of strength would be needed to indicate that gold may go higher. Since the new record high was hit last week a bull pennant pattern has formed on the daily chart for gold.

Although Barrick Gold has underperformed the namesake asset, both fundamental and technical winds appear to favor GOLD stock.

Central banks continued their strong interest for gold in January with reported net purchases of 18t. Read more here.