8.6 Gold Fires the First Shot for a Breakout 1. Yesterday, gold was the first to break out of a nearly month-long consolidation range, surging 4.2%. This is a daily-level rebound trend, with potential to rebound to the 4700 range in the coming weeks. 2. BTC is moving upward in a choppy manner, and ETH shows signs of a minor breakout. ETH/BTC has already climbed above the weekly 20 MA. Once ETH breaks out of its consolidation range, its performance is likely to outpace BTC.