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

Battle Between Gold and Bitcoin

Gold is threatening a resistance zone seen against the American money supply in 2011 and the early 1970s. This zone was only clearly surpassed during the significant surge witnessed in the late 1970s. Currently, Bitcoin, an 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.