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 against U.S. dollar supply that was seen in 2011 and the early 1970s. This area was only clearly surpassed during the significant surge in the late 1970s. Currently, Bitcoin, a digital asset referred to by some as digital gold, is testing support near the lows of the 'tariff crisis' in April. This level also represents the previous cycle peak in March 2024.