Gold is pushing against 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 American money supply. This area was only noticeably surpassed during the significant increase in the late 1970s. Currently, Bitcoin, a cryptocurrency referred to by some as digital gold, is testing support near the lows from the 'tariff crisis' in April. This level also symbolizes the previous cycle peak in March 2024.