Gold has been pushing a door that has been closed for 50 years.

The Struggle Between Gold and Bitcoin

Gold is threatening a resistance area seen in 2011 and the early 1970s, against the backdrop of American money supply. This area was only significantly breached during the major surge in the late 1970s. Currently, Bitcoin, often referred to as digital gold by some, is testing support near the lows of the 'tariff crisis' in April. This level also represents the previous cycle peak in March 2024.