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).