I see a huge extended m-pattern in the gold chart.
Do you think Gold will go to 600 $ in a few years,
because of Bitcoin and Ethereum?
No way, gold down to 600 USD seems very unrealistic in my opinion. While cryptos have some advantage over gold and are in direct competition, there are still a lot of I investors who are interested in gold. I know some older investors who are afraid of crypto currencies, but they love gold. If gold would drop down to 1000 USD there would be plenty of buyers completely buying the market. I think 1000 USD is the lowest we could see.