Please take a look at the branch form my peach tree. This is a "flat wonderful" peach tree in zone 5.

The first year I thought it was dead as all the buds died back, but then it regrew and shot up nicely.

Year 2 the majority of the year one growth died back in the spring, but again it came back and reached 8 feet tall with a nice spread.

I just went and took a look at it now and the young branches look spotted just as they did last year when they didn't grow back.

Any help? Can it be saved?

Thank you