$BTC Bitcoin has shown a strong move over the past week and is now facing resistance near its recent high—a price area where selling pressure can increase. There is a possibility of a significant pullback before the next bull run begins. Gold is also near a major resistance zone after its meteoric rally, where the bulls will have to prove themselves. Silver is also close to resistance. The S&P 500 is trading within a range between support and resistance. As long as it remains above support, the bias remains positive. The story is also connected to last week’s bond yields—the returns earned from bonds, which indicate interest-rate expectations—where the government’s intervention in the bond market had an impact for only about a day. There are two major events this week. On Wednesday, the PCE (Personal Consumption Expenditures) inflation reading, which shows how quickly prices of goods and services are rising, will be released. Nvidia’s earnings will also be important, as they could influence bond yields and the direction of the technology market. On Friday, the Jackson Hole meeting will take place, where the Fed Chairman’s speech could provide clues about the September interest-rate decision. Over the weekend, trade talks between the US and Canada failed, resulting in tariffs being imposed, but the market is not giving this news much importance.