Mars Finance News: 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 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 a grand jury subpoena to Federal Reserve Chairman Jerome Powell, market concerns over the Fed’s independence have further intensified. The damage to institutional credibility still provides 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.
In a horizontal comparison, gold has outperformed Bitcoin significantly: over the past year, it has outperformed by about 80%. The current momentum remains relatively strong, the trend structure is still bullish, and trend-following strategies continue to have an advantage.
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Matrixport: Gold has outperformed Bitcoin significantly, beating it by approximately 80% over the past year.
Mars Finance News: 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 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 a grand jury subpoena to Federal Reserve Chairman Jerome Powell, market concerns over the Fed’s independence have further intensified. The damage to institutional credibility still provides 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.
In a horizontal comparison, gold has outperformed Bitcoin significantly: over the past year, it has outperformed by about 80%. The current momentum remains relatively strong, the trend structure is still bullish, and trend-following strategies continue to have an advantage.