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Peter Brandt Spots Gold Pattern Resembling Bitcoin’s 2024 Breakout Structure

  • Peter Brandt highlighted an expanding inverted triangle formation on gold’s daily chart, resembling the technical structure BTC had in 2024 before rallying.
  • Brandt's analysis suggests that gold may be on the verge of a significant move higher if the breakout from the descending wedge within an expanding triangle confirms.
  • Brandt compared gold's current chart to Bitcoin's CME futures chart from 2024, showing a similar pattern of a breakout from a descending wedge converging with an inverted triangle.
  • The implication is that if gold follows a similar structure to Bitcoin in 2024, it could soon experience upward momentum like Bitcoin did last year, transitioning from consolidation to new highs.

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