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).