According to @tradingcharts, recent data indicates that gold's price action remains confined within a well-defined consolidation range, making it challenging for the asset to achieve new highs in the short term. Last month’s rebound was strong, but similar moves have occurred previously during consolidation phases. Traders should closely watch the current range’s upper and lower boundaries for breakout signals, as a move beyond these levels will likely dictate the next major trend. These developments are relevant for crypto traders as gold’s risk-off movement can impact capital flows into digital assets such as BTC and ETH (source: @tradingcharts).

According to The Kobeissi Letter, current market conditions do not indicate a significant risk of World War 3, as the S&P 500 index is trading just 2% below its all-time high. The Kobeissi Letter notes that, historically, major geopolitical risks would result in a 30% market drop, gold prices above $5,000 per ounce, and oil surging past $100 per barrel. This stable environment suggests sustained investor confidence and minimal flight to safe-haven assets, providing traders with clear signals to focus on equity and crypto market momentum rather than hedging for extreme geopolitical events (source: The Kobeissi Letter, Twitter, June 16, 2025).

According to The Kobeissi Letter, despite ongoing concerns about the Israel-Iran conflict, major asset classes, including gold, are not signaling fears of a prolonged war, as gold prices remain well below the $4000/oz mark (source: @KobeissiLetter, June 16, 2025). This suggests that traders are not currently pricing in significant geopolitical risk, reducing immediate safe-haven flows into both gold and cryptocurrencies like BTC and ETH. Market participants are awaiting potential peace developments, keeping risk sentiment stable and limiting volatility in crypto markets.

According to Skew Δ, gold ($GOLD) remains strong on the 4-hour chart, with technical momentum that could be supporting a passive bid on Bitcoin (BTC) as traders seek alternative safe havens. The analyst highlights that gold's upward movement is likely influenced by the potential for escalating conflict involving Iran, particularly concerns over oil facility strikes. This geopolitical risk is driving capital flows into both gold and BTC, reinforcing the narrative of Bitcoin as digital gold during times of crisis (Source: @52kskew on Twitter, June 13, 2025).

According to The Kobeissi Letter, gold prices pulled back to the key $3120 uptrend support in mid-May 2025, prompting a premium trading alert that recommended entering long positions targeting $3400 and above. These positions have since yielded significant gains as gold surged past the projected targets. This technical development is relevant for crypto market participants, as gold’s strength often signals a flight to safe-haven assets, potentially influencing digital asset flows and Bitcoin’s correlation to macroeconomic risk trends (source: The Kobeissi Letter, June 9, 2025).