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CoinVoice latest reports that Matrixport released a chart today indicating that gold prices continue to be strong, effectively breaking through previous resistance zones. As early as summer, when gold prices approached the $2,000 mark again, we pointed out that the momentum for a breakout near key levels was accumulating, and the medium-term upward window is worth paying close attention to.
With Trump and the U.S. Department of Justice serving grand jury subpoenas to Federal Reserve Chair Jerome Powell, market concerns about the Fed's independence have further intensified. The damage to institutional credibility still constitutes a structural support for gold and may accelerate central banks' efforts to reduce reliance on the US dollar and promote diversification of foreign exchange reserves.
Comparing horizontally, gold has performed notably better than Bitcoin: outperforming by about 80% over the past year. The current momentum remains relatively strong, the trend structure is still bullish, and trend-following strategies continue to have an advantage.